Silver markets initially tried to rally during the course of the week but then turned right back around to form a bit of an exhaustive candle. By doing
Silver markets initially tried to rally during the course of the week but then turned right back around to form a bit of an exhaustive candle. By doing so, we could see this market drop back down to the $18 level where I would anticipate quite a bit of support. Ultimately though, if we can break above the top of the candle at the $20 level, the market should continue to be a very bullish as it would show real strength at that point in time. Ultimately I do expect this market to go higher.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
