The silver markets did almost nothing during the session on Monday, as we continue to grind sideways. We believe that the market is going to continue to
The silver markets did almost nothing during the session on Monday, as we continue to grind sideways. We believe that the market is going to continue to consolidate between the $17.00 level, and the $17.50 level. Ultimately, the market should break down from here as the bearish pressure has been so strong, but we do not have the candle to start selling quite yet. As things stand at the moment, we believe that it’s probably best to be on the sidelines in this marketplace. We have no interest in buying until we get above the $18 level, as that would show a significant shift in momentum.
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.
