Silver markets initially rallied during the course of the session on Wednesday, but found enough resistance above to turn things back around and form a
Silver markets initially rallied during the course of the session on Wednesday, but found enough resistance above to turn things back around and form a bit of a shooting star. Ultimately, this is a market that continues to show signs of strength, but continues to also pullback. We need to see an impulsive green candle to start buying, or perhaps a pullback that shows a massively supportive candle. At this point, we have no interest in selling silver as it has look so healthy over the last several weeks. Ultimately, we do think that the market will go higher over the longer term.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
