Silver markets went back and forth during the day on Friday, as it looks as if we are starting to run out of momentum at the moment. However, we have
Silver markets went back and forth during the day on Friday, as it looks as if we are starting to run out of momentum at the moment. However, we have formed a very obvious resistance barrier at the $15 level, and as a result it looks as if the market couldn’t deal with the psychological significance of it. Pullbacks at this point in time should be buying opportunities going forward. Ultimately, the market should strengthen given enough time, but looking at this market overall we think that it will take a certain amount of wherewithal to hang onto any trade at this moment.
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.
