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To: Goose94 who wrote (24661)	1/21/2017 4:17:46 PM
From: Goose94	Respond to of 203541

What’s next for Silver? After reaching a two month high this week gold and silver futures took a step back on outside factors like a rising a dollar and Janet Yellen. Yellen was the spear that broke the market after a hawkish speech indicating two–three rate hikes this year may be in play. The inflation data also showed an uptick and will be something traders would want to keep an eye on going forward. The fluctuations in the dollar index due to this data is going to play the biggest role in silver, along with Trump's policies and tensions with China. Technically keep an eye on this downward channel that is in place. All too many times I have seen traders fall for the upside breakout and become disappointed. Classic studies found in the RJO PRO platform like stochastics, Bollinger bands and RSI are good ways to locate these overbought levels. Only a push through $17.50 or a break below $16.50 would indicate the next medium term trend. Phillip Streible