The silver markets fell during the course of the day on Wednesday, but is above the $17 level. We believe that the $17 level is a bit supportive, and we
The silver markets fell during the course of the day on Wednesday, but is above the $17 level. We believe that the $17 level is a bit supportive, and we think that the market is a bit too tight to trade at the moment. However, the US dollar continues to strengthen, and that of course should drive down the value of silver overall. With that, we would rather sell than buying, but truthfully we think it’s a bit too noisy at this moment in order to place any money at risk by trading it.
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.
