Silver markets initially tried to rally during the course of the session on Wednesday, but turned around to form a bit of a shooting star. It looks as if
Silver markets initially tried to rally during the course of the session on Wednesday, but turned around to form a bit of a shooting star. It looks as if we are trying to break out of the pennant that had formed over the last several sessions, so we can break above the top of the shooting star it would be likely to send this market looking towards the $18.50 level. Ultimately, this is a market that I believe has a massive “floor” in it, and having said that I see it at the $17 handle.
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.
