Silver forecast for the week of June 30, 2014, Technical Analysis

Silver forecast for the week of June 30, 2014, Technical Analysis

30 June 2014, 22:00
Sergey Golubev
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The silver markets rose slightly during the sessions over the past week, but as you can see that $22 level is an area that has caused resistance previously. We need to get above the $22 level in order to start going long but we think ultimately this market wants to close the gap that has resistance of the $27 handle. Pullbacks at this point time should be nice buying opportunities, and with that being the case we feel that the market is essentially “buy only” at this point in time.