Silver markets fell during the course of the day on Monday, as anything of a value pretty much did. With this, we crashed into the $14.50 level, an area
Silver markets fell during the course of the day on Monday, as anything of a value pretty much did. With this, we crashed into the $14.50 level, an area that has been supportive in the past. Ultimately, the market looks as if there is a lot of buying support there, so a bounce from here would necessarily be out of the question. However, we would be more than willing to sell any signs of weakness on a short-term chart. A break down below the $14.50 level would be massively bearish, and we would of course be sellers at that 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.
