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Silver Price Prediction – Prices Consolidate Forming Doji Day

From fxempire.com

Silver prices rebounded from session lows forming a doji day with a long wick. The dollar attempted to move higher but was rebuffed ahead of the Federal Reserve monetary policy meeting. There are several data points that will help drive silver prices during the balance of the week. These economic reports include CPI, Retail Sales, Industrial Production, and Consumer Sentiment. The quiet period has started ahead of the Fed meeting, which means that no Fed officials will speak. Most analysts expect the Fed to announce that it will begin the tapering of its bond purchase program in November or at the latest in December. ... (full story)

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  • Category: Technical Analysis