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Silver Forecast: Buy on Short-term Dips

From dailyforex.com

The silver markets have gone back and forth during the trading session on Thursday, as we continue to see the markets look for solutions to whether or not we are going to get some type of stimulus in the United States. This would of course offer a cheaper US dollar in theory, and as a result is very likely that we would see silver gain due to the fact that the currency would be falling. Also, there is the theory at least that there could be a bit of an increase in demand for silver, as it is an industrial metal. However, we have had three stimulus packages previously, and the economy is still struggling.Looking at ... (full story)

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  • Category: Technical Analysis