The silver markets tried to rally during the course of the week, but struggled at the $18 level as you can see. That being the case, it appears that the
The silver markets tried to rally during the course of the week, but struggled at the $18 level as you can see. That being the case, it appears that the market is ready to continue to go lower, and as a result we are willing to sell this market as it looks very bearish. If we make a fresh, new low the market will more than likely head to the $15 level below. That being the case, we think that short-term traders will continue to sell this market every time it rallies, while longer-term traders will have to be patient has of volatility picks up.
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.
