Silver markets fell on Friday, breaking below the bottom of a shooting star from Thursday. Because of this, I feel that the silver markets are ready to
Silver markets fell on Friday, breaking below the bottom of a shooting star from Thursday. Because of this, I feel that the silver markets are ready to roll over but I do recognize that there is a lot of noise underneath. If the US dollar can strengthen, I believe it will continue to put bearish pressure on this market, and drive the silver market back down to the $16 handle. Alternately, if we can break above the $17.10 level, the market will probably go higher. Expect choppiness in the precious metals markets overall going forward.
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.
