The silver market initially tried to rally during the course of the session on Wednesday, but pullback enough to form a fairly negative candle. Because of
The silver market initially tried to rally during the course of the session on Wednesday, but pullback enough to form a fairly negative candle. Because of this, it looks as if the silver market is going to trying to test the $15 level, and as a result we believe that this market can be sold. On the other hand, any rally at this point in time should be a selling opportunity as well. If we can break down below the $15 level, the market should then reach towards the $14.75 handle. We have no interest in buying at the moment.
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.
