The silver markets fell a bit during the course of the session on Thursday, breaking below the $15.00 level. At this point in time, the market looks as if
The silver markets fell a bit during the course of the session on Thursday, breaking below the $15.00 level. At this point in time, the market looks as if it is ready to continue going lower, perhaps reaching towards the $14.50 level, as it is the next major support level. With the Nonfarm Payroll numbers coming out of the United States today, it will more than likely affect the value the US dollar, which of course has a knock on effect in this market. Ultimately, this market will bounce eventually, but right now it looks like any type of rally should be sold.
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.
