Silver markets broke higher during the course of the session on Wednesday, clearing the $15 level. With that being the case, the market looks as if it is
Silver markets broke higher during the course of the session on Wednesday, clearing the $15 level. With that being the case, the market looks as if it is heading back towards the $15.50 level, attracting more buyers. Ultimately though, we think this market will remain very volatile more than anything else, and with that we don’t necessarily like trading silver at the moment as a lot of damage can be done to your account in short order. With this, we are on the sidelines but recognize that this market is trying to make a significant move one way or the other.
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.
