Markets

Trading Forecast Silver

Silver closed lower due to profit taking on Thursday as it consolidated some of this week's rally. The mid-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off this month's low, the 62% retracement level of this month's low crossing is the next upside target. Closes below the 20-day moving average crossing would temper the near-term friendly 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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