The silver markets fell a bit during the course of the session on Tuesday, as it looks likely that we are ready to go much lower. The $14 level below is
The silver markets fell a bit during the course of the session on Tuesday, as it looks likely that we are ready to go much lower. The $14 level below is of course a major round number, and an area where the market had bounced from before. With this, we believe that the market is going to go lower, but it’s actually below the $14 level where we really start to pick up momentum to the downside. Rallies at this point in time should offer selling opportunities as well, as the market looks so bearish.
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.
