Silver markets continue to bounce around, as the $14.50 level below is supportive, and the $15.00 level above is resistance. With this being the case, the
Silver markets continue to bounce around, as the $14.50 level below is supportive, and the $15.00 level above is resistance. With this being the case, the market looks like it is ready to consolidate overall, but at this point in time it is going to be difficult to trade this market unless of course you can stick to short-term charts. Ultimately, we believe that there is probably a bit more down pressure in this market than up, so having said that we are more comfortable selling short-term rallies than anything else. With this, we are bearish but not overly enthused.
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.
