The silver markets fell during the course of the week, breaking well below the hammer that had formed during the previous week. In fact, we ended up below
The silver markets fell during the course of the week, breaking well below the hammer that had formed during the previous week. In fact, we ended up below the $17 level during the course of the week as well, showing continuing weakness in this marketplace. We ultimately believe that this market will head down to the $15 level, and then possibly down to the $12 level after that. We will sell rallies as they continue, and as a result we have no interest whatsoever in buying this contract going forward.
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.
