The silver market as you can see rose during the course of the week but found quite a bit of resistance at the $14.50 level. We did up forming a shooting
The silver market as you can see rose during the course of the week but found quite a bit of resistance at the $14.50 level. We did up forming a shooting star, so we feel that silver will underperform the gold markets going forward. However, a break above the top of the shooting star is a very bullish sign, and with that we would be very happy to start buying at that point in time. The markets could very well reach the $16 level at that point. We are sellers on a fresh, new low as well though.
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.
