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Silver Weekly Price Forecast – Silver Markets Show Signs of Strength

From fxempire.com

Silver markets have rallied a bit during the course of the week, as we continue to see signs of hope. That being said, you also need to pay close attention to the idea of the economy slowing down worldwide. After all, if that does continue to be the case, the demand probably be weak at best. Ultimately, this is a market that has a lot to deal with just above, so I still like the idea of fading rallies as they happen. Pay close attention to the US dollar, because it has a major influence on what happens in this market over the longer term. There is a huge negative divergence and correlation that we have been dealing ... (full story)

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  • Category: Technical Analysis