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.
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.
