Silver markets broke higher during the day on Wednesday, clearing the $17 level. However, I think there is plenty of resistance above, extending all the
Silver markets broke higher during the day on Wednesday, clearing the $17 level. However, I think there is plenty of resistance above, extending all the way to the $17.50 level. Leave as soon as we get some type of exhaustive candle, the sellers will return. After all, we are in a pretty significant downtrend in general, and therefore I have no interest in buying. I believe that this will simply offer yet another selling opportunity over the longer term. Patience will be needed, but eventually I’ll be selling silver yet again. Buying isn’t even an option.
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.
