Silver markets fell initially during the day on Wednesday, testing the multitude of moving averages that are crossing near the $17.50 level. We are
Silver markets fell initially during the day on Wednesday, testing the multitude of moving averages that are crossing near the $17.50 level. We are starting to show signs of strength though, and if we can break above the top of the highs from the previous session, I think that the market will then go reaching towards the $18 level. I have no interest whatsoever in selling this market, the impulsive move from last week shows that the buyers are most certainly back in this market and flexing their muscles. I think that the $18.50 level will be targeted longer term.
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.
