The silver market went back and forth during the course of the week, ultimately settling on a very flat looking candle. However, we have dipped below the
The silver market went back and forth during the course of the week, ultimately settling on a very flat looking candle. However, we have dipped below the $14 level twice now, and as a result it looks like we will eventually break down. Keep in mind that the gold market has broken out already, so at this point in time it’s only a matter of time before silver follows in our opinion. Any rally at this point in time should be a selling opportunity as well. We have no interest whatsoever in buying silver and believe that once we break down we could reach towards the $12 handle.
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.
