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.
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.
