Silver markets did very little during the session on Monday, but did show that the $17.50 level offered resistance yet again. Because of this, we feel
Silver markets did very little during the session on Monday, but did show that the $17.50 level offered resistance yet again. Because of this, we feel that the market will continue to fall from here, but it’s probably going to be fairly choppy to say the least. We believe that the $17.00 level continues to offer support as well, but ultimately will be broken down below. Based upon longer-term charts, we believe that this market will then head to the $15 level as it is the next large, round, psychologically significant number. We have no interest in buying.
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.
