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.
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.
