Silver markets rolled over a bit during the day on Friday, as we continue to see quite a bit of volatility. I believe that this market will probably fall
Silver markets rolled over a bit during the day on Friday, as we continue to see quite a bit of volatility. I believe that this market will probably fall longer-term as the US dollar has been strengthening. However, it might be a bit volatile so keep that in mind as this market typically is. I think that the $16 level will be targeted, at a breakdown below there would show significant bearish pressure and probably send the market looking for the $15 level next. Any rally this point in time is probably going to struggle around the $17 level, and the $18 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.
