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.
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.
