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.
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.
