Silver markets initially rallied during the course of the session on Wednesday, but found enough resistance above to turn things back around and form a
Silver markets initially rallied during the course of the session on Wednesday, but found enough resistance above to turn things back around and form a bit of a shooting star. Ultimately, this is a market that continues to show signs of strength, but continues to also pullback. We need to see an impulsive green candle to start buying, or perhaps a pullback that shows a massively supportive candle. At this point, we have no interest in selling silver as it has look so healthy over the last several weeks. Ultimately, we do think that the market will go higher over the longer term.
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.
