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Silver Price Forecast - Silver markets continue to slide sideways

From fxempire.com

Silver markets have pulled back a bit during the trading session on Thursday as we continue to consolidate below the $16 level. I think the $15.50 level underneath should continue to be support, just as the 20 day EMA will underneath. I think at this point, it’s obvious that silver is bullish and with the Federal Reserve acquiescing to the Wall Street pressure, it looks as if they are going to try to keep the value of the US dollar down. {video} Looking at this chart, I think that the massive support is closer to the $15 level, an area that would be an excellent buying opportunity if we do pull back to that level. ... (full story)

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  • Category: Technical Analysis