Silver markets continue to march higher during the Wednesday session, testing the 16.50 level. This area has seen quite a bit of interest lately, but I
Silver markets continue to march higher during the Wednesday session, testing the 16.50 level. This area has seen quite a bit of interest lately, but I think the real “ceiling” in the market is closer to the 17 handle. Any exhaustive candle between here and there is reason enough to sell as far as I can see, as the US dollar will continue to be strong. I have no interest in buying silver, at least not until we make a major longer-term bottom, which by my estimation we still haven’t done. Once I see that, I will of course inform you all.
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.
