Silver markets fell slightly during the course of the week, as we continue to see quite a bit of resistance at the $20 level. If we can break above that
Silver markets fell slightly during the course of the week, as we continue to see quite a bit of resistance at the $20 level. If we can break above that level, I think a longer-term buy-and-hold type situation could present itself. However, this is a market that will more than likely be easier to trade off of short-term charts as it looks like we are consolidating, trying to build up enough momentum to break out above the region near the $20 level. Pullbacks should continue to see plenty of support near the $18 level below, as it is so reliable.
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.
