Silver markets initially fell during the course of the sessions for the week, but as you can see we bounced enough to form a bit of a hammer. Because of
Silver markets initially fell during the course of the sessions for the week, but as you can see we bounced enough to form a bit of a hammer. Because of this we could break above $15, and head to $16. But it is not until we break above $15 that we would be willing to buy. With this, we believe that volatility will probably continue, and short-term traders will probably continue to sell. With this time of year, you have to look for micro-movements, so we believe short-term charts will be used more than not.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
