Silver markets initially fell during the course of the session on Thursday, turning rain back around to form a hammer. Now that we have formed this
Silver markets initially fell during the course of the session on Thursday, turning rain back around to form a hammer. Now that we have formed this hammer, it looks as if the silver markets will continue to go higher. A break above the $19.50 level should send this market back into the previous consolidation area, which extends all the way to the $20.50 level. If we can break above there, the market should continue to go much higher and continue the longer-term “buy-and-hold” move that we anticipate that silver will make over the next several months.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
