Silver markets initially tried to rally during the course of the session on Monday, but turned right back around to lose 0.75%. There is a significant
Silver markets initially tried to rally during the course of the session on Monday, but turned right back around to lose 0.75%. There is a significant amount of support just below the $16.20 level though, and most certainly at the $16.00 level. With this, it’s probably only a matter time before the buyers return near that supportive area, so we are simply waiting to see signs of life in this market that we can start buying on. We have no interest in selling at this point in time, but of course will have to continue to monitor the market.
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.
