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Silver Forecast: Finding Same Struggle - 17 September 2020

From dailyforex.com

The silver markets have rallied again during the trading session on Wednesday but continue to struggle with the $28 handle. That is an area that has been difficult to deal with, and therefore I do think that it is only a matter of time before we see some type of selling pressure, and precious metals look a little bit soft at the end of the day. Whether or not it is a trend change is a completely different argument but at this point, it certainly looks as if we are going to continue to see a lot of volatility in choppiness. Silver markets are moving in a perfectly inverse correlation to the US dollar, and as the US ... (full story)

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  • Category: Technical Analysis