Silver markets initially tried to rally during the day on Monday, but found far too much in the way of resistance near the $14.20 level. With that being
Silver markets initially tried to rally during the day on Monday, but found far too much in the way of resistance near the $14.20 level. With that being the case we turned around and formed a bit of a shooting star of sorts. It appears that the market is going to eventually break down below the $14 level, perhaps reaching as low as $12 given enough time. We are sellers of rallies and of course sellers of breakdowns at this point in time and have no interest in buying as the downward pressure looks very strong.
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.
