The silver markets fell slightly during the session on Friday, but we still remain well within the consolidation area that we have been in for some time,
The silver markets fell slightly during the session on Friday, but we still remain well within the consolidation area that we have been in for some time, and as a result we don’t really have too much interest in been involved in this market, but do recognize that there is more of a downward bias. We believe that the market continues to drop down to the $15 level, which of course is a large, round, psychologically significant number. With that, we are bearish but quite frankly don’t feel the need to risk any significant amount of money in 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.
