Silver markets fell during the Wednesday session, breaking will be $16.50 level. It now looks as if we’re going to try to reach down towards the $16
Silver markets fell during the Wednesday session, breaking will be $16.50 level. It now looks as if we’re going to try to reach down towards the $16 level, and the short-term bounces could be used as shorting opportunities. $16 of course is a large, round, psychologically significant number so we may have quite a bit of volatility. The fact that today is Thanksgiving Day in the United States course will add quite a bit of liquidity issues to the market, so I looking for a fairly quiet day but recognize that the sellers will certainly are in control.
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.
