Silver markets initially tried to rally during the course of the week, but then turned back around to test the $14 level. We believe that the $14 level
Silver markets initially tried to rally during the course of the week, but then turned back around to test the $14 level. We believe that the $14 level below is essentially the “floor” in this market, and that it is only a matter of time before we break down below and continue the longer-term downtrend. We believe that this market will reach towards the $12 level next, and that any rally at this point in time seems to be a bit of an opportunity to sell this already bearish market. We have no interest in buying.
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.
