Silver markets did very little on Friday as the liquidity dried up. It appears that the resistance near the $16.25 level held, so I believe that sooner or
Silver markets did very little on Friday as the liquidity dried up. It appears that the resistance near the $16.25 level held, so I believe that sooner or later the sellers return and push silver lower. It might be a quiet session today, but over the next several sessions we should see liquidity start to pick up and the sellers return. I have no interest in buying silver until we get above the $17 level, which doesn’t look very likely anytime soon. Ultimately, I believe that the silver market will try to reach the $15 level.
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.
