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.
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.
