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.
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.
