Silver forecast for the week of January 5, 2015, Technical Analysis
Silver markets didn’t do much during the course of the week as we continue to hang about in a small range, but at this point time we recognize of the $15 level is massively supportive. Nonetheless, we see a massive amount of resistance at $17 as well, so at this point time it’s difficult to imagine placing any type of longer-term trade at this point in time. However, we recognize the longer-term charts might offer those signals, but we don’t have it yet so we believe that short-term trades will be about as good as it gets.
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S&P 500 Index forecast for the week of January 5 2015, Technical Analysis