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Silver Price Forecast – Silver Markets Sliced Through Support

From fxempire.com

Silver markets have fallen during the trading session on Friday as the jobs number came out much hotter than anticipated, with America adding over 500,000 jobs during the month of July. We now have to pay close attention to the Federal Reserve and whether or not they continue to tighten monetary policy, which ironically enough they have been begging Wall Street to pay attention to that reality all week. Now that we have gotten this news, it looks like Wall Street has gotten the message. That being said, we are still in a downtrend, to begin with, so we need to pay close attention to that. For what it’s worth, we have ... (full story)

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  • Category: Technical Analysis