The silver markets bounced a bit during the course of the session on Friday, testing the $16.60 level, but turned right back around to form a shooting
The silver markets bounced a bit during the course of the session on Friday, testing the $16.60 level, but turned right back around to form a shooting star. The shooting star of course signifies that we have weakness in this market, and could go down to the $16 level below. That is an area that that has seen quite a bit of pressure in the past, so with this being the case it’s very likely that buyers will return. A supportive candle in that area has us buying. On the other hand, if we can break above the top of the shooting star from the session on Friday, we could go higher there as well.
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.
