The silver market as you can see went back and forth during the course of the day here on Thursday, essentially treading water just below the $17.50
The silver market as you can see went back and forth during the course of the day here on Thursday, essentially treading water just below the $17.50 level. That of course is an area that we’ve seen quite a bit of resistance in lately, so it makes sense that we simply grind away. We think that this market is very sideways at this point, so therefore we don’t really have any interest in trading silver until we get an impulsive candle in one direction or the other. Until then, we will simply monitor this market.
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.
