Silver weekly Technical Analysis Forecast 08-12-2013, MBCFX
the silver markets rose to breach the 20 $ on Friday, and we notice on the weekly chart that the prices are trading within a descending wedge, which give us positive outlook.
The oscillator indicators MACD and RSI also give us upward signals, so the next target of the silver will be towards $22 to remain steady around this level due to the worries of the markets about the Fed policy decisions concerning the stimulus program which will have great impacts on the silver prices .
And if the news will be positive on the US Dollar at the beginning of September, this will push the silver prices higher towards $25, which will represent the key central point.
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