Silver markets rallied during the day on Friday, breaking above the top of the shooting star from the previous session. This of course is a bullish sign
Silver markets rallied during the day on Friday, breaking above the top of the shooting star from the previous session. This of course is a bullish sign and I believe that the next area of contention will be closer to the $18 level. The major moving averages have crossed just below although they are flat. Nonetheless, I would anticipate that they offer a certain amount of support. I believe Silver is going higher, so therefore I look at pullbacks as potential buying opportunities in a market that has quite a bit of strength underneath it.
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.
