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.
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.
