Markets

Trading Forecast Silver

Silver closed lower due to profit taking on Monday. The low-range close set the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible near-term. Closes below the reaction low crossing would confirm that a short-term top has been posted. If it renews the rally off May's low, the reaction high crossing is the next upside target.

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


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

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