Silver continues to test an important level

long and stacked silver bars
From Christopher Lewis: Silver markets went back and forth during the trading session on Monday, as we continue to test the $15 level for major support. At this point, the market should show plenty of importance to the $15 level as it is a large, round, psychologically important figure. However, given enough time it's likely that we will find that area important enough to bring in a lot of value hunting. If it does not, that would be a very negative sign indeed. That could have market participants heading for the exits, sending silver down to the $14.50 level. That could be a rather violent action.
NYSE:SLV April 1, 2019 1:41pm

Silver markets continue to show strength

long and stacked silver bars
From Christopher Lewis: Silver markets continue to show signs of strength overall, reaching towards the $15.80 level. I believe that there is a massive barrier at the $16 level, an area that we are trying to get back to. There is a minor resistance between now and then, but we continue to make "higher lows", which of course is a very essence of an uptrend. I believe that silver does lagging gold typically, and it most certainly is right now as gold is breaking above a beginning resistance level at the same time silver is still trying to build up its momentum.
NYSE:SLV February 19, 2019 4:34pm

Silver Price Forecast for February

long and stacked silver bars
From Christopher Lewis:

Silver markets tried to rally a bit during the trading session on Thursday but got rolled over again as we continue to hover around the $15.70 region. This is an area that should begin support, so I think that we could get buyers at this point but the 20 day EMA is starting to roll over a bit. What does this mean? This means that we could very well drift a little bit lower. I think we may need to test the $50.50 level underneath to find more buyers. It's not a huge surprise that we struggled just above the $16 level considering that it is a large, round, psychologically significant figure and an area that where we had seen a lot of action in the past.

NYSE:SLV February 7, 2019 6:25pm

Natural gas markets looking for support

natural gas pipe
From Christopher Lewis: The natural gas markets gapped lower to kick off the week, and then broke down below the $3.00 level. By doing so, we entered a very bearish phase of the selloff, but by the end of the week, we had started to see a bit of resiliency. At this point in time, I think that the market will probably try to rally from here and go looking towards the top of the gap, closer to the $3.30 level. Natural gas had gotten way ahead of itself. However, now it looks as if it had gotten ahead of itself to the downside as well. Overall, I think that a short-term bounce is coming but it should present itself as a nice selling opportunity. The huge moves are over, and therefore it's likely that it will be difficult to deal with this market from a weekly standpoint. I believe that we are going to go back and forth in a relatively tight range, but I certainly feel much better in the selling side than the buying side.
NYSE:UNG January 7, 2019 1:08pm

Natural gas gaps lower to end year

Natural Gas
From Christopher Lewis: Natural gas markets gap lower to kick off the trading session on New Year's Eve, but as you can see we did go much lower than that. There is a significant amount of support just below, and I think at this point it's likely that the market will try to fill the gap.
NYSE:UNG December 31, 2018 1:10pm

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