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Silver Forecast: Continuing to Show Value Hunters

From dailyforex.com

The silver markets fell during the majority of the session on Friday but started seeing buyers get involved later in the day. By doing so, the market looks as if it is ready to continue grinding higher and trying to break out. The $17.50 level has offered plenty of support as we turn right back around to show signs of life again. The candlestick for the day is a hammer, and that of course is a very bullish sign. That being said, the market is likely to see a lot of volatility more than anything else and now silver tends to be choppy regardless. The 50 day EMA is currently sitting at the $17 level, an area that is a ... (full story)

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  • Category: Technical Analysis