Silver markets fell slightly during the session here on Tuesday, but the $14.50 level below is still supportive. Because of this, we are not ready to
Silver markets fell slightly during the session here on Tuesday, but the $14.50 level below is still supportive. Because of this, we are not ready to start selling until we significantly clear that level, so we will have to be patient. On the other hand, we could get a little bit of a bounce from here and see resistance as well. The resistance above would be a reason enough to start selling also. We have no interest in buying this market, the silver market looks far too bearish at this point in time to even entertain that type of thought.
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.
