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Silver Weekly Price Forecast - Silver markets rally but find sellers above

From fxempire.com

During the week, we had seen the silver market show signs of virility, but we can thank the Federal Reserve for that more than anything else. Ultimately it looks as if the market is going to continue to show signs of confusion, because we have formed a shooting star for the week, but we also have a hammer from the week a couple of weeks ago off the $15 level. Between those two candle sticks we have a neutral candle. This tells me that the market simply isn’t ready to make a longer-term decision. {video} Moving forward, it’s likely that we will continue to see a lot of choppiness between $15.50, and the $15 level ... (full story)

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  • Category: Technical Analysis