Silver markets rose rather drastically during the course of the week, showing a very strong candle. By closing at the top of the range, it suggests to us
Silver markets rose rather drastically during the course of the week, showing a very strong candle. By closing at the top of the range, it suggests to us that silver is going to continue to rally, and we feel that it is a longer-term “buy-and-hold” type of market. You have to be able to hang onto any choppiness, but ultimately we should continue to grind higher, probably reaching towards the $18 level next. Pullbacks at this point in time should continue to offer buying opportunities as well, as it looks like we are trained to change the trend.
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.
