Silver markets fell during the course of the week, showing quite a bit of weakness. However, the $16 level below had been previously resistive, and should
Silver markets fell during the course of the week, showing quite a bit of weakness. However, the $16 level below had been previously resistive, and should be supportive now. We are waiting see whether or not we get some type of bounce or supportive candle near the $16 level in order to start going long again. After all, we broke out above that level recently, and have not come back to test it. At this point in time we have no interest whatsoever in selling this market, as we have seen quite a bit of bullish pressure lately.
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.
