The silver market fell slightly during the course of the day on Tuesday, breaking below the $14.50 level. Because of this, it looks like we are going to
The silver market fell slightly during the course of the day on Tuesday, breaking below the $14.50 level. Because of this, it looks like we are going to try to grind our way down to the $14.00 level, which was the recent low back in August. We think that short-term selling opportunities present themselves on short-term rallies with exhaustion, and a break down below the $14.00 level has this market falling even farther. We don’t have any interest in buying quite yet, but do recognize that the buyers could show up in this general vicinity.
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.
