The silver markets went back and forth during the course of the session on Wednesday, as we continue to see support at the $14.50 level. This is an area
The silver markets went back and forth during the course of the session on Wednesday, as we continue to see support at the $14.50 level. This is an area that we believe is towards the bottom of the recent consolidation area that should continue. We believe that the $15 level above is massively resistive, so any rally is a selling opportunity. Ultimately though, we are settling on short-term trades, and have no interest in putting a lot of money into this market. This will be especially true considering that there is a jobs number coming out of America on Friday.
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.
