
Silver Price Forecast – Silver Markets Drift Lower
During Tuesday’s trading session, silver prices have moved a tad lower but continue to find some support underneath.
During Tuesday’s trading session, silver prices have moved a tad lower but continue to find some support underneath.
Thursday’s silver markets were relatively quiet as traders awaited Jerome Powell’s address on Friday.
During the trading session on Wednesday, silver markets initially retreated slightly to test the 50 Day EMA before rallying.
As the 50 Day EMA entered the picture during trading on Wednesday, the silver markets started to retreat somewhat.
The silver market has pulled back from the 50 Day Exponential Moving Average (EMA) during Tuesday’s session, as volatility remains high.
On Thursday, the silver market gapped to start the day before surging to new heights in response to the dismal US GDP figure.
As of Thursday’s trading session, the silver market has broken below the $20.50 barrier, resulting in a major decline.