Silver Forecast February 28, 2014, Technical Analysis » Fx Empire …

Silver Forecast February 28, 2014, Technical Analysis » Fx Empire …

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The silver markets went back and forth during the session on Thursday, using the $21 level as support. However, we found the $21.50 level far too resistive, so we continue to simply grind sideways overall. At the end of the day, we were essentially unchanged, and this looks like a market that’s trying to find some type of catalyst in order to make a move. We figure that there is a significant amount of support below, but it should also be stated that the move that we had originally projected up to the $23 level will run into a lot of choppiness between here and there. This market is going to come down to whether or not you can hang onto a bullish position long enough to see that target hit.

 

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Silver Forecast February 28, 2014, Technical Analysis » Fx Empire …

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