NEW YORK ( TheStreet) -- Silver could remain volatile this week, with a mild correction early in the week on technical indicators. Later in the week, silver could trade higher on anticipated negative economic data from the U.S. and Europe.Last week, prices breached support levels at $17.85 an ounce. The momentum indicator RSI (14) is trending at 0.463 indicating a further fall in prices. Silver is trading above exponential moving averages and has a support level at $17.65. Overall, silver is anticipated to see a mild correction early this week.
Silver Prices In For a Volatile Week
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.