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Silver Weekly Price Forecast – Silver markets form a hammer
Silver markets continue to bounce around between the $14 level on the bottom and the $15 level on the top. Gold has already broken out, so typically the silver market would follow right along. I think given enough time, silver will rally towards the $16 level, in that short pullbacks could be opportunities to pick up a little bit along the way. Don’t get me wrong, we can fall from here and probably will at one point, but I believe that we are starting to see a significant turnaround and precious metals as they act like safe haven asset again. Once we break above the $15 level, I think it will bring in fresh money, ... (full story)