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.
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.
