Silver forecast for the week of December 30, 2013, Technical Analysis

Silver forecast for the week of December 30, 2013, Technical Analysis

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Silver markets had a positive week as you can see, but we have to keep in mind that the last three weeks before this one have produced a hammer and to shooting stars. Because of this, and the fact that we are within that range still, we think this market still cannot be trusted to be bought at the moment. However, a break above the shooting star from two weeks ago gives us enough confidence to start buying and aiming towards the $24 level, just as a break below the $19 level has us selling this market.

 

Silver forecast for the week of December 30, 2013, Technical Analysis

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Silver forecast for the week of December 30, 2013, Technical Analysis

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