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.
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.
