Silver markets tried to rally on Monday but turned around to form an exhaustive candle. By doing so, it looks as if we are going to continue to
Silver markets tried to rally on Monday but turned around to form an exhaustive candle. By doing so, it looks as if we are going to continue to consolidate just above the $17 handle. I think that the market is struggling with the idea of continuing to go higher, but if we can break above the $17.35 handle, I feel that we can go much higher. Alternately, a breakdown below the hammer from the Thursday session signifies more bearishness. Expect a lot of volatility, and quite frankly I would be looking to the gold market to give us a bit of clarity.
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.
