Silver markets went back and forth during the course of the session on Friday as we had quite a bit of volatility. Part of this might’ve been due to the
Silver markets went back and forth during the course of the session on Friday as we had quite a bit of volatility. Part of this might’ve been due to the fact that there was little in the way of volume when it came to North America, as most Americans were still celebrating Thanksgiving. Ultimately though, it looks as if the selling pressure continues to strengthen, and that we should eventually break down below the $14 level. Once we break down below there, the market should then reach towards the $12 level. We have no interest whatsoever in buying, and believe that even if we rally from here it should be a nice selling opportunity.
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.
