Silver markets fell slightly during the course of the session on Tuesday, as we turned around to show a continuation of the longer-term downtrend. At this
Silver markets fell slightly during the course of the session on Tuesday, as we turned around to show a continuation of the longer-term downtrend. At this point, it looks as if the market is going to continue to go lower, and perhaps reach towards the $16 level. Rallies at this point should continue to find quite a bit of resistance above at the $17 level which should continue to be a bit of a “ceiling” in this market. If we break down below the $16 level, we should then reach towards the $15 level.
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.
