Forex Technical Analysis, Silver Daily Forecast June 6, 2016

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Forex Technical Analysis, Silver Daily Forecast June 6, 2016

Silver markets exploded to the upside during the course of the session on Friday, as the US dollar fell drastically due to a less than expected jobs number coming out of America. That being the case, it looks as if the silver market should continue to go higher, and because of this, short-term pullbacks will be buying opportunities as well a break above the top of the range during the session on Friday. I have no interest in selling this market, there is a massive amount of support below the $16 level and of course we ended up forming a hammer on the weekly chart as well.

Courtesy :http://www.fxempire.com/technical/technical-analysis-reports/silver-forecast-june-6-2016-technical-analysis-342052

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