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.
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.
