Silver Price Forecast – Silver Markets Give Back a Bit
Silver markets have been rather noisy over the last several days, but on Thursday gave up some of the gains as the US dollar picked up a bit of momentum.
Christopher Lewis
Christopher Lewis
10 hours ago
Silver
Silver markets pulled back a bit during the trading session on Thursday as we reached towards the $23 level early in the day. Ultimately, silver was being affected by a stronger US dollar, but that is a temporary situation. Quite frankly, this is a market that you should never consider selling, at least not anytime soon and considering that the Federal Reserve is looking to liquefy the markets going forward, it is a bit difficult to understand how somebody with think shorting silver is a good idea. Yes, it will probably fall rather hard at one point or another, but ultimately, we should see the buyers takeover. I think looking for dips makes the most sense and I would be especially interested near the $22 level.
SILVER Video 31.07.20