Silver markets fell during the session on Thursday as we continue to see precious metal selloff. However, the $17 level underneath is very supportive.
Silver markets fell during the session on Thursday as we continue to see precious metal selloff. However, the $17 level underneath is very supportive. Because of this, I think it’s only a matter of time before the buyers get involved. With this, I am waiting for some type of a supportive candle on a daily chart to start buying. I would not short this market as we are so close to the massive support. Because of this, I will be patient and wait for my opportunity. The meantime, I’m on the sidelines and waiting.
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.
