Markets

Silver (XAGUSD) Forecast

17.110
09:14:03(GMT)
-0.0560
(-0.33%)*Daily Change
Christopher Lewis
19 hours ago

Silver Forecast January 24, 2017, Technical Analysis

Silver markets tried to rally on Monday but turned around to form an exhaustive candle. By doing so, it looks as if we are going to continue to consolidate just above the $17 handle. I think that the market is struggling with the idea of continuing to go higher, but if we can break above … Continue reading Silver Forecast January 24, 2017, Technical Analysis

Christopher Lewis
4 days ago

Silver forecast for the week of January 23, 2017, Technical Analysis

The Silver markets went back and forth during the week, breaking above the $17 level at one point. However, we get back quite a bit of a gain so I think it’s can be difficult to hang onto a longer-term trade currently. The gold markets ended up forming a very negative looking candle, so they … Continue reading Silver forecast for the week of January 23, 2017, Technical Analysis

Christopher Lewis
4 days ago

Silver Forecast January 23, 2017, Technical Analysis

Silver markets went back and forth on Friday, as the $17 level continues to offer resistance. I believe that we are going to continue to see a bit of a downward move, and thus I think a breakdown below the bottom of a hammer for Thursday should send this market to the $16.50 level, and … Continue reading Silver Forecast January 23, 2017, Technical Analysis

Christopher Lewis
5 days ago

Silver Forecast January 20, 2017, Technical Analysis

The Silver markets broke down below the $17 level during the session on Thursday, reaching towards the 16.75 level underneath. I believe we will continue to go lower, perhaps reaching towards the 16.50 level underneath. I believe that if we can break down below the 16.50 level, we should continue to reach towards the $16 … Continue reading Silver Forecast January 20, 2017, Technical Analysis

Christopher Lewis
6 days ago

Silver Forecast January 19, 2017, Technical Analysis

The Silver markets pulled back initially on Wednesday, testing the $17 level for support. By doing so, we bounced and formed a hammer, which of course is a bullish sign. However, I want to see this market break above the $17.25 level to continue going long. If we do that, the market should continue more … Continue reading Silver Forecast January 19, 2017, Technical Analysis

Christopher Lewis
7 days ago

Silver Forecast January 18, 2017, Technical Analysis

Silver markets initially fell on Tuesday but found enough support at the $16.50 level to turn around and a break above the $17 level. I know believe that the $17.25 handle is the “ceiling”, but if we can break above there I believe that Silver markets will continue to go higher. The candle certainly looks … Continue reading Silver Forecast January 18, 2017, Technical Analysis

Christopher Lewis
8 days ago

Silver Forecast January 17, 2017, Technical Analysis

Silver markets rallied on Monday, but found the $17 level above to be resistive. Because of this, we turned around to form a small shooting star. I think the market is going to continue to consolidate, with the $17 level on the top being resistive, while the $16.50 level below will be supportive. Longer-term, I … Continue reading Silver Forecast January 17, 2017, Technical Analysis

Christopher Lewis
11 days ago

Silver forecast for the week of January 16, 2017, Technical Analysis

The silver markets initially tried to rally during the week, but ran into a bit of resistance at the $17 level. By doing so, we ended up forming a shooting star which of course is a very negative sign. A break down below the bottom of that candle could send this market looking for the … Continue reading Silver forecast for the week of January 16, 2017, Technical Analysis

Christopher Lewis
11 days ago

Silver Forecast January 16, 2017, Technical Analysis

Silver markets fell on Friday, breaking below the bottom of a shooting star from Thursday. Because of this, I feel that the silver markets are ready to roll over but I do recognize that there is a lot of noise underneath. If the US dollar can strengthen, I believe it will continue to put bearish … Continue reading Silver Forecast January 16, 2017, Technical Analysis

Christopher Lewis
12 days ago

Silver Forecast January 13, 2017, Technical Analysis

Silver markets rallied on Thursday, testing the $17 level. However, the $17 level should be resistive, so it’s not until we break above the $17.25 level that I feel comfortable buying. On top of that, we have the 100-day exponential moving average pictured in blue on the chart, sitting just above the current area. Because … Continue reading Silver Forecast January 13, 2017, Technical Analysis

Christopher Lewis
13 days ago

Silver Forecast January 12, 2017, Technical Analysis

The silver markets fell slightly during the day on Wednesday as the longer-term trend seems to be on the mind of traders. We currently have seen a bit of resistance at the 50-day exponential moving average, pictured in red on the charts. The $17 level above continues offer resistance, so an exhaustive candle in that … Continue reading Silver Forecast January 12, 2017, Technical Analysis

Christopher Lewis
14 days ago

Silver Forecast January 11, 2017, Technical Analysis

Silver markets rallied on Tuesday, as we approach the $17 level. This is an area where I would expect to see some exhaustion though, and of course the 100-day exponential moving average sitting just above that level will attract a lot of attention. We’ve been in a downtrend for some time, and remain so if … Continue reading Silver Forecast January 11, 2017, Technical Analysis

Christopher Lewis
15 days ago

Silver Forecast January 10, 2017, Technical Analysis

Silver markets initially fell on Monday, but turned around to form a slightly bullish candle. However, I think there is a massive amount of resistance near the $17 level, so given enough time we should see sellers enter this market again. Because of this, I am not interested in buying this market, but I recognize … Continue reading Silver Forecast January 10, 2017, Technical Analysis

Christopher Lewis
18 days ago

Silver forecast for the week of January 9, 2017, Technical Analysis

Silver markets rallied during the week, breaking well above the $16 level. However, I see quite a bit of resistance all the way to the $17 level above. On the first signs of exhaustion, we would more than likely see sellers reenter this market. The US dollar is strengthening overall, and that should continue to … Continue reading Silver forecast for the week of January 9, 2017, Technical Analysis

Christopher Lewis
18 days ago

Silver Forecast January 9, 2017, Technical Analysis

The silver market initially fell on Friday, but turned right back around at the $16.25 level because of this, we formed a somewhat supportive looking candle but I think that there is a massive amount of resistance above. The $17 level above offers quite a bit of resistance, and thus an exhaustive candle is reason … Continue reading Silver Forecast January 9, 2017, Technical Analysis

Anil Panchal
18 days ago

Technical Checks Of Gold, Silver & WTI Crude Oil – 06.01.2017

GOLD Ever since the Gold reversed from $1126-28 support-zone, it managed to extend advances to the present level near a month’s high. However, $1197 – $1200 horizontal resistance-region, comprising 50-day SMA, may give a tough fight to the Bullion, which if broken needs to confirm price-strength by surpassing four-month old descending trend-channel resistance, at $1205 … Continue reading Technical Checks Of Gold, Silver & WTI Crude Oil – 06.01.2017

Christopher Lewis
19 days ago

Silver Forecast January 6, 2017, Technical Analysis

Silver markets rallied on Thursday as we continue to see a bit of a bounce in the precious metals sector. I still see a massive amount of resistance above though, especially at the 17,000 handle. This is an area that I think will bring sellers back into the market, and on signs of exhaustion I … Continue reading Silver Forecast January 6, 2017, Technical Analysis

Christopher Lewis
20 days ago

Silver Forecast January 5, 2017, Technical Analysis

Silver markets continue to march higher during the Wednesday session, testing the 16.50 level. This area has seen quite a bit of interest lately, but I think the real “ceiling” in the market is closer to the 17 handle. Any exhaustive candle between here and there is reason enough to sell as far as I … Continue reading Silver Forecast January 5, 2017, Technical Analysis

Christopher Lewis
21 days ago

Silver Forecast January 4, 2017, Technical Analysis

Silver markets had a wild ride on Tuesday, breaking well above the $16 level in approaching the $16.50 level. There should be a significant amount of resistance in this area though, so I feel it’s only matter of time before the sellers return. On an exhaustive candle, I would not hesitate to sell. It’s not … Continue reading Silver Forecast January 4, 2017, Technical Analysis

Christopher Lewis
22 days ago

Silver Forecast January 3, 2017, Technical Analysis

Silver markets did very little on Friday as the liquidity dried up. It appears that the resistance near the $16.25 level held, so I believe that sooner or later the sellers return and push silver lower. It might be a quiet session today, but over the next several sessions we should see liquidity start to … Continue reading Silver Forecast January 3, 2017, Technical Analysis

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