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.
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.
