The silver bounced marginally in the middle of the trading session on Thursday, since the $ 15.75 level has offered some help. This is a similar territory that had offered interest in silver a week ago, so it seems that we are currently seeing a touch of advertising memory connected to this mall.
I imagine that at the end this is a shopping center that should continue to find a considerable measure of opposition at the $ 16.15 level as well, a region that we had sold beforehand. This is a territory that evidently has a specific measure of market memory connected to it, since it had been reinforced in the course of the last few days in order to this area.
It seems that the market will try to raise more from here, but I also perceive that there is a lot of offer simply up. At the end of the day, this remaining part is a kind of condition of the transient distributors. If we could somehow surpass that level, at that time the market could rise to the level of $ 16.50.
The silver markets remain exceptionally noisy, however, that is exactly the same as anyone who has been trading silver for more than five minutes. I am confident that the market will finally pivot and rise, in light of the fact that I see such a large amount in the application method to lower levels, particularly starting at the $ 15.50 level and reaching the $ 15 level.
Be that as it may, as market members look at the characteristics, the US dollar will move in this market, it should move in the opposite direction in general terms. Remember that and concentrate on the US dollar index. In case you can buy a large amount of unshielded silver, you may need to consider it well.
I am confident that we will then bounce back to the $ 16.10 level once again, and maybe the maximums with enough time. In any case, we demand that the US dollar move a bit, so it is not until the moment we see that in the Forex markets I think silver will essentially recover.
Long-term brokers are taking a look at silver as a speculation, so you should have a pleasant chance of going back to your liquidity very soon. In case you are here and now a broker, at that time think of this market as an exchange between $ 15.75 in the base, and $ 16 in the best.