Silver forecast for July 16, 2021: continued consolidation

Silver forecast for July 16, 2021: continued consolidation

Initially, silver tried to rally during Thursday’s trading, reaching the 50-day indicator, but then returned profit and formed a candle that was not the most attractive for buyers. The metal is likely to continue to consolidate as the market is short of catalysts at the moment. Silver remains sandwiched between the 50-day and 200-day EMA. … Read moreSilver forecast for July 16, 2021: continued consolidation

Silver Price Forecast for July 13, 2021: Further Consolidation

Silver Price Forecast for July 13, 2021: Further Consolidation

On Monday, the Gold rate was moving in a limited channel, staying above the 200-day moving average. At the moment, it looks like the precious metal feels very comfortable just above the $ 26 area. The 50-day moving average continues to provide resistance, however, it rushed downward, which puts a little bearish pressure on the … Read moreSilver Price Forecast for July 13, 2021: Further Consolidation