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.
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.
