Forex Technical Analysis, Silver Daily Forecast June 3, 2016

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Forex Technical Analysis, Silver Daily Forecast June 3, 2016

Silver markets rose slightly during the course of the day on Thursday, but just slightly so. However, we are near a pretty significant support so at this point in time I am not comfortable shorting this market. If the US dollar falls after the jobs number comes out, that could be the fuel to pick the silver markets backup and start reaching towards the $16.60 level again. A break down from here is possible, but there so much noise between here and the $15.00 level that I would probably step away and ignore that particular move.

Courtesy : http://www.fxempire.com/technical/technical-analysis-reports/silver-forecast-june-3-2016-technical-analysis-341895

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