Silver markets initially fell during the course of the session on Wednesday, but found enough support to push things higher. Because of this, we crashed
Silver markets initially fell during the course of the session on Wednesday, but found enough support to push things higher. Because of this, we crashed into the $15.50 level, an area that should begin pretty significant resistance. If we get a resistive candle in this area, we are more than willing to start selling. On the other hand, we break higher we will simply wait for another selling opportunity. Even though it does look bullish, there so much noise above that it’s almost impossible to fathom hanging onto a long position at this point.
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.
