Silver markets initially tried to rally during the course of the Tuesday but turned around to form a slightly negative candle. By doing so, it looks as if
Silver markets initially tried to rally during the course of the Tuesday but turned around to form a slightly negative candle. By doing so, it looks as if the market is ready to consolidate and bounce around the $18.50 level. With that being the case, I think that we may have a little bit of negative action in this market over the short-term, but sooner or later we should have buyers getting involved then eventually going long when comes to silver, which of course has been very bullish over the last several months.
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.
