Silver markets went back and forth during the course of the session on Thursday as we tested the $14.50 level for resistance. We also found quite a bit of
Silver markets went back and forth during the course of the session on Thursday as we tested the $14.50 level for resistance. We also found quite a bit of support at the $14.20 level below, so having said that we believe that the market is trying to form a little bit of a base here. We believe that the silver market continues to find sellers every time it rallies, so we are simply sitting on the sidelines and waiting for a short-term rally in order to take advantage of the bearish pressure. We have no interest in buying.
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.
