Silver markets went back and forth on Friday, as the $17 level continues to offer resistance. I believe that we are going to continue to see a bit of a
Silver markets went back and forth on Friday, as the $17 level continues to offer resistance. I believe that we are going to continue to see a bit of a downward move, and thus I think a breakdown below the bottom of a hammer for Thursday should send this market to the $16.50 level, and then eventually the $16 level. If we can break above the Wednesday candle, then I believe Silver will go higher but the US dollar continues to work against the value of silver, and I think that will ultimately win.
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.
