The silver markets bounced during the session on Wednesday, using the $17 level house a springboard. However, we are just below a significant amount of
The silver markets bounced during the session on Wednesday, using the $17 level house a springboard. However, we are just below a significant amount of resistance in noise in the neighborhood of $17.50, so we feel that it’s only a matter time before we get a resistant candle in which to start selling. With that, we are waiting to see that resistant candle, and will continue to sell time and time again on the short-term charts. We also believe that the market is going to go down to the $15 level given enough time. We have no interest in going long.
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.
