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.
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.
