The silver markets fell initially during the session on Friday, but bounced a little bit as the $16 level bought and buyers again. However, that being
The silver markets fell initially during the session on Friday, but bounced a little bit as the $16 level bought and buyers again. However, that being said, the weekly candle looks very sick. With this, it is more than likely going to continue to be a market that you will want to sell on short-term rallies, as longer-term traders will have absolutely no room to wiggle. We believe that the $15.50 level below is supportive though, so we would not blame you for stepping aside at the moment as silver seems to be a bit difficult to deal with.
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.
