Silver markets as you can see initially tried to rally during the course of the day on Friday but found enough resistance at the $15 level to turn things
Silver markets as you can see initially tried to rally during the course of the day on Friday but found enough resistance at the $15 level to turn things back around. By doing this, we believe that we will continue to consolidate overall, and that it’s only a matter of time before we reach back towards the $14.50 handle. This is the wrong time you year to expect massive moves, and quite frankly consolidation makes sense of this point in time. With that, we are playing short-term charts to the downside at this point in time.
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.
