Silver markets fell slightly during the day on Wednesday, as we continue to see quite a bit of back and forth type of action. However, we recognize that
Silver markets fell slightly during the day on Wednesday, as we continue to see quite a bit of back and forth type of action. However, we recognize that the real battle is somewhere at the $14 level, so if we can break down below there significantly we believe the market will then reach towards the $12 handle. We think rallies at this point in time or selling opportunities, and we will not hesitate whatsoever to sell this market on any site of resistance above as this market continues to look very sluggish in general.
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.