Silver Price Forecast – Silver Continues to See Volatile Moves in Friday Selloff

From fxempire.com

Silver markets have broken down pretty significantly in the early hours of Friday as we continue to see a lot of noise in general. With this being the case, I think you have to assume that market participants are perhaps running away from silver and towards the dollar, which if you look in the Forex markets, that’s exactly what happened. And now the question is whether or not we can continue to see buyers come in and support silver. I think we do eventually, perhaps somewhere near the $32.50 level, we start to see that. We also have the 50 day EMA near the $32.35 level, which of course is an area that I’ve ... (full story)