Silver Price Confusion

Silver Investing News reports constant rallying with silver prices and other precious metals due to the uncertain economy. 

A look at silver price forecasts from different analysts today shows a mix of bearish and bullish sentiment.

Standard Chartered Bank sees the possibility of further declines based on “mostly bearish” daily momentum indicators like the 14-day relative strength index and the stochastic oscillator. David Barclay, the banks commodity strategist, points to silver’s 50-week momentum indicator, which is moving lower, and eroded support levels as signals of further declines in the silver price.

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