Silver Price Forecast September 14, 2017, Technical Analysis

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Silver markets initially tried to rally during the trading session on Wednesday, filling the gap. However, we found plenty of resistance there and fell apart. The market is currently testing the $17.70 level as I write this, and it looks likely to continue to struggle. There is talk of a potential tax reform deal coming out of the United States, and that has lifted the US dollar. Because of this, you can see that the precious metal markets have fallen. I think that the $17.50 level underneath should be supportive, so I would look for the buyers to come back in and that area.

SILVER Video 14.9.17

This article was originally posted on FX Empire


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Silver , Commodities
Referenced Symbols: SLV , USV , SIVR , DBS

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