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.
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.
