Silver markets went back and forth during the day on Tuesday, as we found support at the $16.20 level as anticipated. If we can break above the top of the
Silver markets went back and forth during the day on Tuesday, as we found support at the $16.20 level as anticipated. If we can break above the top of the candle for the session on Tuesday, we believe that the market will try to go higher. It will be a bit of a grind, so you will have to be able to deal with volatility. Even if we break down from here, I believe that there is a massive amount of support near the $16 level as well. This being the case I have no interest in selling and will simply wait for an opportunity to go long on a break out to the upside.
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.
