Silver markets broke down below the $16 level during the course of the week, suggesting that it is in fact a market that’s going to drop from here. The
Silver markets broke down below the $16 level during the course of the week, suggesting that it is in fact a market that’s going to drop from here. The $15 level below is massively supportive though, so we will have to see what happens in that general region. In the meantime, we suspect that it’s going to be easier to trade the silver market on shorter-term charts rather that longer-term one such as of this, and as a result we are on the sidelines when it comes to longer-term trades at the moment.
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.
