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.
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.
