Silver markets fell during the course of the week, showing quite a bit of weakness. However, the $16 level below had been previously resistive, and should
Silver markets fell during the course of the week, showing quite a bit of weakness. However, the $16 level below had been previously resistive, and should be supportive now. We are waiting see whether or not we get some type of bounce or supportive candle near the $16 level in order to start going long again. After all, we broke out above that level recently, and have not come back to test it. At this point in time we have no interest whatsoever in selling this market, as we have seen quite a bit of bullish pressure lately.
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.
