The silver markets initially tried to rally during the course of the day on Tuesday, but struggled somewhere near the $14.25 level. We did up forming a
The silver markets initially tried to rally during the course of the day on Tuesday, but struggled somewhere near the $14.25 level. We did up forming a bit of a shooting star, which we continue to do time and time again. This is a market that seems to be consolidating at the moment, but a fresh, new low should send this market looking for $12 after that. In the meantime, we believe that selling short-term rallies on short-term charts will probably be the way to go going forward in the silver market as the US dollar continues to strengthen.
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.
