The silver markets as you can see went back and forth during the course of the day on Friday, testing the $14.50 level for resistance. Because of this, we
The silver markets as you can see went back and forth during the course of the day on Friday, testing the $14.50 level for resistance. Because of this, we ended up forming a fairly neutral candle, and as a result if we break down below the bottom of the range for the Friday session, we would be sellers as the market should head back down to the $14.00 handle next. If we break the top of the range for the Friday session, we feel that the next massive resistance barrier is closer to the $15.00 level.
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.
