The silver market initially rallied on Tuesday, but turned around to form a shooting star. Ultimately, I think that every time this market rallies, you
The silver market initially rallied on Tuesday, but turned around to form a shooting star. Ultimately, I think that every time this market rallies, you have to think that it’s only a matter of time before sellers come back in. With this, I feel that the market will probably reach down towards the $16 level. If we can break above the $17 level, that could be bullish but at this point I don’t see it happening. Silver markets continue to suffer at the hands of the strengthening US dollar, and probably will continue to be that way for some time.
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.
