Silver Price Analysis January 2021 | Silver Price to Skyrocket in January?
Published at : 05 Jan 2021
Here is our Silver price analysis for January 2021Today we will discuss our silver price predictions for the month of January, as well as where the commodity may be headed throughout the rest of 2021. And from the way this year has kicked off, the silver price January outlook appears quite promising.
Last Thursday we saw a higher trading session start in the silver chart, despite the subsequent pullback on Friday. But as investors have one eye closely watching the Federal Reserve and other central banks, sentiment remains quite positive in regards to the silver price in 2021, as well to other precious metals.
The immediate resistance level ahead in the silver chart analysis is at $28, which experts are confident is only a matter of time before the white metal breaks above it. And that, in turn, opens up the way to the next resistance level in the silver analysis – $30. That, too, doesn’t seem to be a real hurdle on the upside, meaning that silver in January 2021 is likely to be on a choppy uptrend.
In addition, the nearest support level in the silver price forecast just underneath $25 is also moving higher. And with projections for stronger industrial demand, government stimulus and monetary policies, the silver price forecast is actually looking brighter than ever.
Watch the full video for all the latest silver price news and our take on how the silver price today could change in the weeks and months ahead.
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