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Silver Forecast: Markets Continue to Build Base
Silver markets went back and forth during the trading session on Monday, as we continue to see a lot of noise in this market. The $18 level is a bit of a fulcrum for price, so it is not a huge surprise to see that it has offered itself as a bit of a magnet for price during the session. All things being equal though, it does look like buyers are stepping into this market every time we pull back. Because of this, I think that the market is likely to see a lot of buyers on dips, extending all the way down to at least the $17 level. The 50 day EMA is currently hanging around the $17.17 level, reaching to the upside and ... (full story)