The silver markets fell during the session after initially gapping higher on Tuesday, showing the 17.50 level to be resistive yet again. Because of this,
The silver markets fell during the session after initially gapping higher on Tuesday, showing the 17.50 level to be resistive yet again. Because of this, it’s very likely that the market will continue to fall from here, heading towards the $17 level. Silver is a very weak market recently, and as a result the market continues to go back and forth over the recent time, and as a result we do believe that eventually we break down to the $15 level. It is not until we clear the top of the several shooting stars that we formed recently that we would consider buying, and truthfully we are not truly comfortable until we break above the $18 level.
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.
