The silver markets fell but formed a hammer for the third session in a row at the $33.00 level, suggesting to us that serious support is starting to come
The silver markets fell but formed a hammer for the third session in a row at the $33.00 level, suggesting to us that serious support is starting to come back into the marketplace. Silver has been a bullish market for some time now and as such we do hold physical silver, as well as the ETF known as the SLV. Because of this, we are always long of this market, and will add futures positions from time to time in order to boost returns. We believe one of those times will be if we managed to break above the highs from both Thursday and Friday. As for selling, will not do it.
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.
