The silver markets initially rallied during the course of the week, breaking above the $21 level. However, we ended up forming a massive shooting star so
The silver markets initially rallied during the course of the week, breaking above the $21 level. However, we ended up forming a massive shooting star so looks as if we could pull back from here. A break down below the bottom of the candle should send this market looking for the $18 level where I would anticipate fighting quite a bit of support. On the other hand, if we can break above the top of the shooting star that would be an extraordinarily bullish sign as it would show a real break out of bullish pressure.
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.
