Silver Price Projection: Can the Metal Keep on Going?

silver investing
Written by Mike Hammer

My, what a difference a month makes.  Thinking back a month, silver had a good few weeks going, rising up from a local low with good authority.  Then the last two weeks — well, not so great.

Now silver appears to be trying to recover again. A very bullish candle Friday had a lot of silver bulls very happy, but Monday brought a mostly-inside day.

Not exactly what you want to see when you’re rooting for higher prices.  So what’s the overall prognosis? Today we’ll stop in with a technical chartist to see if the charts are saying anything profound.  Then Thursday we’ll be looking more at the fundamentals to see if there’s anything there. One thing for sure — silver is almost always going somewhere!

Continue reading at FXEmpire.com

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

Leave a Comment