Silver Price Forecast – Silver Continues to See Support Just BelowPosted by freemexy on January 18th, 2021 Silver markets initially pulled back during the trading session on Wednesday but continues to find the 50 day EMA as a bit of support. At the level above, there should be a certain amount of resistance, but if we can break above there it is likely that we continue to go higher, perhaps reaching towards the level. Silver of course is highly sensitive to what is going on with the US dollar, so make sure you pay attention to the US Dollar Index. The US dollar has been oversold for a while, and that is part of what we have seen as of late, right along with 10 year notes rising as far as yield is concerned. That had people buying the greenback, which works against the value of silver, however temporarily.To get more news about WikiFX, you can visit wikifx official website. Like it? Share it!More by this author |