The silver markets gapped lower at the open on Tuesday, then fell down to the $15.20 level to find support. With this, the market found support right
The silver markets gapped lower at the open on Tuesday, then fell down to the $15.20 level to find support. With this, the market found support right where we would anticipate it being found, as the consolidation continues. The market should then reach the top of the consolidation area to the $15.80 level again. With this, we are buyers of silver but recognize that it is a short-term trade only. Selling isn’t even a thought at this point in time, as there is more than enough support just below to continue to find buyers.
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.
