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.
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.
