Silver markets rose slightly during the course of the day on Monday, and as we continue to see quite a bit of volatility. The $17 level above is massively
Silver markets rose slightly during the course of the day on Monday, and as we continue to see quite a bit of volatility. The $17 level above is massively resistive, and as a result I think it’s only a matter of time before the sellers get involved. At the first opportunity, I will start shorting exhaustion as this market continues to show that the US dollar has been working against the value of precious metals in general. I have no understand buying, at least not at the moment. It is not until I see a long-term candle that I can get involved to the upside.
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.
