Silver markets fell during the course of the session on Monday, breaking below the $14.50 level. This of course is a very negative sign, but there is
Silver markets fell during the course of the session on Monday, breaking below the $14.50 level. This of course is a very negative sign, but there is quite a bit of support just below. We think that a bounce could come, but that bounce more than likely one that being a nice selling opportunity before it’s all said and done. The US dollar of course continues to strengthen, and that works against most commodities such as silver. Ultimately, we think that this market will test the $14 level again. We have no interest in buying silver at the moment.
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.
