The silver market went back and forth during the course of the session on Friday, as we hover around the $15.40 level. There is quite a bit of support
The silver market went back and forth during the course of the session on Friday, as we hover around the $15.40 level. There is quite a bit of support just below at the $15.20 level, so it is almost impossible to imagine selling at this point. We believe that a supportive candle somewhere between here and there should be a nice buying opportunity, as precious metals in general look very healthy at the moment. Ultimately, there’s no way to sell and we think that the silver market is going to be a longer-term “buy-and-hold” given enough time.
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.
