Markets

Trading Forecast Silver

Silver posted a key reversal down on Wednesday as it consolidates some of the rally off July's low. The low-range close set the stage for a steady to lower opening on Thursday. Stochastics and the RSI are diverging but remain bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off June's low, the 75% retracement level of the April-May-decline crossing is the next upside target. Closes below the 20-day moving average crossing would temper the bullish outlook.

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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