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.
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.
