Silver markets did very little on Tuesday, as we continue to hang about just below the $17 level. This is an area that should be resistive, but even if we
Silver markets did very little on Tuesday, as we continue to hang about just below the $17 level. This is an area that should be resistive, but even if we broke above here I feel that the market will find quite a bit of resistance all the way to at least the $17.50 level. Any type of exhaustive candle is reason enough to start selling as far as I am concerned. A break down below the bottom of the hammer from the Monday session would also be a nice selling opportunity in what has been a very strong downtrend.
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.
