Silver markets initially rallied during the course the day on Friday, but turned right back around to form a bit of a shooting star. The shooting star of
Silver markets initially rallied during the course the day on Friday, but turned right back around to form a bit of a shooting star. The shooting star of course is a negative sign but at the end of the day I still see a massive amount of support just below so therefore it’s going to be difficult to sell. A pullback from here will more than likely find plenty of buyers below all the way down to the $18 level as the market has broken out from there and shot straight up. So having that in mind, I am looking for supportive candles in order to go long.
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.
