Silver markets had a fairly quiet week as we continue to grind sideways near the $17.50 level. This is an area that been very attractive the markets
Silver markets had a fairly quiet week as we continue to grind sideways near the $17.50 level. This is an area that been very attractive the markets overall, and although we have recently sold off, I believe it’s only a matter of time before silver markets get a bit of a boost again. Because of this, it’s likely that the shorter-term charts might be the best way to trade this market, or more or less a “buy-and-hold” type of situation. At this point time, I have no interest in selling until we get well below the $16 handle.
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.
