The silver markets tried to rally during the course of the day on Monday, but as you can see struggled at the $17.50 level again to form a nice-looking
The silver markets tried to rally during the course of the day on Monday, but as you can see struggled at the $17.50 level again to form a nice-looking shooting star. Because of that, it appears the market is going to continue to go lower, and as a result we are very bearish of silver overall. Because of that, the market continues to be one that we can sell on rallies going forward, and we still believe that the longer-term downtrend will continue. In fact, we think that $15 is the next target overall.
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.
