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.
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.
