The silver markets went back and forth during the session on Monday, gaining one half of a percent by the time we closed. However, you can see that we are
The silver markets went back and forth during the session on Monday, gaining one half of a percent by the time we closed. However, you can see that we are still underneath the $20 level at the end of the day, and this of course tells us that the markets really aren’t going anywhere in the short run. Alternately, if we get a daily close above the $20 level, we think that this market will go up to roughly $22. On the downside, if we managed to break down below the $18 level, we think that would lead to much lower prices.
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.
