Silver markets found a bit of support during the day on Friday, as the $16 level offered support and urged a bit of a bounce. I think that a bounce from
Silver markets found a bit of support during the day on Friday, as the $16 level offered support and urged a bit of a bounce. I think that a bounce from here is going to find quite a bit of resistance above though, so it’s only matter of time before the exhaustive candle comes that we can start shorting. Ultimately, if we break down below the bottom of the candle for the day on Friday, I would be a seller there as well. The US dollar continues to work against precious metals overall and of course silver is going to be no different.
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.
