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.
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.
