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.
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.
