The silver markets fell during the day on Friday as the $14.60 level offered far too much resistance to continue going higher. Ultimately, we believe the
The silver markets fell during the day on Friday as the $14.60 level offered far too much resistance to continue going higher. Ultimately, we believe the markets will continue to fall from here, although it will be a bit of a fight to continue. There is quite a bit of noise below, and with that being the case, we are expecting quite a bit of volatility but do recognize that it’s only a matter time before the value the US dollar works against silver again, and at this point in time one has to question whether or not there would be any industrial demand. We are very bearish on sewer even though we recognize that a fresh new high would offer a potential short-term buying opportunity.
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.
