Silver Forecast: Silver Price Continues to Climb on Monday

From dailyforex.com

The silver market has jumped above the 50-day EMA on Monday, as traders continue to look at this market overall. That being said, this is a market that is also trying to heal from a horrific selloff. The silver market has jumped above the 50-day EMA, breaking above the $80 level. All things being equal, short-term pullbacks offer buying opportunities from what I can see, with the $70 level offering a bit of a floor. Whether or not silver can continue to the upside, then we need to see the US dollar really crumble. The US dollar has been soft during the session on Monday, but a lot of this comes down to speculation ... (full story)