Silver Price Forecast – Silver Markets Stabilize
Posted: Sun Feb 07, 2021 10:15 pm
Silver is settling back down after the frenzy last week, which I'm sure investors will appreciate.
Silver Price Forecast – Silver Markets Stabilize
After the tumultuous couple of days with the potential “retail short squeeze” in the market, silver markets have been very quiet during the Wednesday session.
Christopher Lewis
Feb 03, 2021 4:43 PM GMT
"Silver markets have stabilized a bit during the trading session on Wednesday, as we hang around the $27 level. There is plenty of support underneath, so I think that we are starting to focus on reality again, now that the retail attempted short squeeze has been abated. The 50 day EMA underneath continues to curve slightly higher, so I do think that we are probably going to see buyers sooner rather than later, but not at 10% gains. The $30 level continues to be massive resistance, as it is previously an area where we have seen a lot of action. All things being equal, I do think that we eventually go higher and try to break above there, but there will probably be a lot of work to do between now and then.
SILVER Video 04.02.21
All things being equal, I think that we can essentially forget the last couple of days, because it has been so erratic. The reason I say this is that we are looking at this market behaving ... "
https://www.fxempire.com/forecasts/arti ... e-6-698185
Silver Price Forecast – Silver Markets Stabilize
After the tumultuous couple of days with the potential “retail short squeeze” in the market, silver markets have been very quiet during the Wednesday session.
Christopher Lewis
Feb 03, 2021 4:43 PM GMT
"Silver markets have stabilized a bit during the trading session on Wednesday, as we hang around the $27 level. There is plenty of support underneath, so I think that we are starting to focus on reality again, now that the retail attempted short squeeze has been abated. The 50 day EMA underneath continues to curve slightly higher, so I do think that we are probably going to see buyers sooner rather than later, but not at 10% gains. The $30 level continues to be massive resistance, as it is previously an area where we have seen a lot of action. All things being equal, I do think that we eventually go higher and try to break above there, but there will probably be a lot of work to do between now and then.
SILVER Video 04.02.21
All things being equal, I think that we can essentially forget the last couple of days, because it has been so erratic. The reason I say this is that we are looking at this market behaving ... "
https://www.fxempire.com/forecasts/arti ... e-6-698185