The silver markets initially tried to rally during the day on Wednesday but ended up falling enough to test the $14.00 level. We feel it is only a matter
The silver markets initially tried to rally during the day on Wednesday but ended up falling enough to test the $14.00 level. We feel it is only a matter of time before we break down below that level, and as a result the market should continue to go much lower. In fact, we believe that a break down below the $14 level offers an opportunity to go down to the $12 level. Rallies at this point in time should continue to be selling opportunities going forward, and as a result we remain very bearish of this market.
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.
