Silver markets fell during a majority of the week, but bounced back above the $17 level. Because of this, it looks as if the market is going to find
Silver markets fell during a majority of the week, but bounced back above the $17 level. Because of this, it looks as if the market is going to find buyers to push this market higher. Ultimately, this is a market that will probably try to reach towards the $18 level, and if we can break above there possibly reach as high as $19 after that. With that being the case, it looks like this is a market that you can only buy and not sell, but may have to do so from the shorter-term charts as there is a lot of room for longer-term trades at the 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.
