The Silver markets broke higher on Thursday, as we continue to find bullish pressure in this market. If we can reach towards the $18 handle, I think there
The Silver markets broke higher on Thursday, as we continue to find bullish pressure in this market. If we can reach towards the $18 handle, I think there will be a significant amount of resistance there but will more than likely be broken given enough time as well. I have no interest in shorting this market, looks very healthy and I believe that if the US dollar falls, this will continue to push precious metals much higher. Ultimately, I think we will eventually test the highs from February. It’s not going to be very easy to deal with this type of choppiness.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
