The silver markets fell slightly during the course of the session on Thursday, as we continue to bounce around in a fairly consolidative area. I believe
The silver markets fell slightly during the course of the session on Thursday, as we continue to bounce around in a fairly consolidative area. I believe that the $18 level will continue to be massively resistive, but I also recognize that the $17 level below is massively supportive. Ultimately, I believe that the market looks as if it is fairly well supported underneath, so I think that we are about to bounce and the perhaps what we are seeing right now is a bit of stabilization in a market that has been oversold recently.
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.
