Silver markets initially tried to rally during the course of the week but turned back around to form a very small shooting star. However, I think that the
Silver markets initially tried to rally during the course of the week but turned back around to form a very small shooting star. However, I think that the $17 level below will continue to be very supportive and therefore I think if we can break above the top of the shooting star at $18, the market will then start reaching towards the $20 level again. Ultimately, even if we break down below the $17 level, I feel that there is even more support at the $16 level, so from a longer-term perspective I am “buy only” when it comes to silver.
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.
