Silver markets did bounce a little bit during the session on Monday, but quite frankly didn’t have much wherewithal to that move. We believe that the
Silver markets did bounce a little bit during the session on Monday, but quite frankly didn’t have much wherewithal to that move. We believe that the markets will continue to find plenty of resistance at the $15.50 level, so it’s only a matter time before the sellers get involved every time we rally. We are currently playing the silver market as a range bound market, with the $15.00 level on the bottom, and the $15.50 level on the top. We have no interest whatsoever in trying to hang onto a long-term position, and we simply go back and forth as it is summertime.
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.
