Silver markets rally during the course of the day on Friday, bouncing off of the $18.50 level. By doing so, we did show some resiliency after falling
Silver markets rally during the course of the day on Friday, bouncing off of the $18.50 level. By doing so, we did show some resiliency after falling quite significantly. Because of this, I believe that the buyers are starting to return, but I also recognize that the real support is probably closer to the $18 level. With this, you’re going to be very patient but I think that sooner or later we will see a significant bounce in this marketplace. With that, I don’t have any real interest in selling and believe that patience will be rewarded.
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.
