Silver Price Forecast – Silver Rallies Slightly

Silver Price Forecast Video for 26.12.22

Silver Markets Technical Analysis

Silver markets have rallied a bit during the trading session on Thursday, as we continue to threaten the $24 level. If we can break above there, then it’s likely that the market could go looking to the $24.50 level, maybe even the $25 level. However, you should keep in mind that the market has been looking forward to the holidays, so it is difficult to imagine a scenario where we get a lot of liquidity between now and January.

That being said, it is still a market that favors the upside, and I think that short-term pullback should continue to be supported, although it may take a while for the market to turn back around as we are not in normal times. The $23 level should be supported, but then again we have the 50-Day EMA near the $22 level, where a gap had been formed. Any type of pullback to that area will almost certainly attract a lot of attention, because I believe that silver is now being used to protect wealth more than anything else.

In fact, I don’t know how much difference the interest rate market is going to make at this point in time. Because of this, I do think that it’s a situation where we will eventually try to get to the $25 level, but eventually we will have a major problem due to the fact that the market is long known for manipulation. Because of this, I do think that we have further to go to the upside, but we may need a little bit of a pullback in the meantime in order to bring in fresh buyers.

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