The silver markets initially fell during the course of the session on Monday, but found enough support below the $18.50 level to turn things back around
The silver markets initially fell during the course of the session on Monday, but found enough support below the $18.50 level to turn things back around and form a bit of a hammer. With this being the case, it’s likely that the markets will continue to find a bit of support just below, but ultimately there is a bit of a “floor” at the $18 level. With this being the case, I’m waiting to see in either a bounce or a supportive candle that I can start buying. I have no interest whatsoever in selling this market.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
