Silver markets initially tried to rally during the course of the session on Wednesday, but turned around to form a bit of a shooting star. It looks as if
Silver markets initially tried to rally during the course of the session on Wednesday, but turned around to form a bit of a shooting star. It looks as if we are trying to break out of the pennant that had formed over the last several sessions, so we can break above the top of the shooting star it would be likely to send this market looking towards the $18.50 level. Ultimately, this is a market that I believe has a massive “floor” in it, and having said that I see it at the $17 handle.
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.
