The silver markets as you can see initially tried to rally during the course of the session on Friday, but found enough resistance above the $15.50 level
The silver markets as you can see initially tried to rally during the course of the session on Friday, but found enough resistance above the $15.50 level to continue going higher. Because of this, we ended up selling off rather drastically, and it now appears that if we can get below the $15.00 level, we would then head towards the $14.50 level. Ultimately, we believe that silver is soft, and we have no interest whatsoever in buying this particular market for any real length of time as the downward pressure has been so strong for so long.
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.
