Trading Forecast Silver

A generic image of a pen a chart Credit: Shutterstock photo

Silver posted an inside day with a higher closed on Wednesday as it consolidated some of Tuesday's decline. The high-range close set the stage for a steady to higher opening on Thursday. Stochastics and the RSI are turning neutral hinting that a low might be in or is near. If it renews the rally off June's low, the 62% retracement level of the April-May-decline crossing is the next upside target. If it extends last week's decline, the reaction low crossing is the next downside 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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