Silver markets rose rather drastically during the course of the week, showing a very strong candle. By closing at the top of the range, it suggests to us
Silver markets rose rather drastically during the course of the week, showing a very strong candle. By closing at the top of the range, it suggests to us that silver is going to continue to rally, and we feel that it is a longer-term “buy-and-hold” type of market. You have to be able to hang onto any choppiness, but ultimately we should continue to grind higher, probably reaching towards the $18 level next. Pullbacks at this point in time should continue to offer buying opportunities as well, as it looks like we are trained to change the trend.
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.
