Silver markets rally during the course of the day on Friday, bouncing off of the $18.50 level. By doing so, we did show some resiliency after falling
Silver markets rally during the course of the day on Friday, bouncing off of the $18.50 level. By doing so, we did show some resiliency after falling quite significantly. Because of this, I believe that the buyers are starting to return, but I also recognize that the real support is probably closer to the $18 level. With this, you’re going to be very patient but I think that sooner or later we will see a significant bounce in this marketplace. With that, I don’t have any real interest in selling and believe that patience will be rewarded.
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.
