Silver markets initially tried to rally on Friday but turned around to fall and form a shooting star like candle. I think that the markets going to
Silver markets initially tried to rally on Friday but turned around to fall and form a shooting star like candle. I think that the markets going to continue to reach towards the $17 level where I would anticipate to see quite a bit of support. A breakdown below there will find a mass amount of support down to the $16.50 level in my estimation, so I think that the sellers may be getting close to the end of the downtrend. A supportive candle or a break above the top of the shooting star would have me going long of silver.
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.
