Silver markets rally during the course of the week, testing the $20 level. It looks as if we are trying to break out to the upside, and with the Federal
Silver markets rally during the course of the week, testing the $20 level. It looks as if we are trying to break out to the upside, and with the Federal Reserve refusing to raise the interest-rate, it looks as if the market will more than likely continue to go higher, and the pullback should offer buying opportunities due to the lower interest-rate environment. Given enough time, I think that this is a nice longer-term investment opportunity. Because of this, I have no interest in selling, and believe that the $18 level below is essentially the “floor.”
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.
