Silver markets tried to rally initially during the session on Thursday, but turned back around and ended up selling off. Because of this, the market looks
Silver markets tried to rally initially during the session on Thursday, but turned back around and ended up selling off. Because of this, the market looks like it’s ready to continue going lower, as we have been saying all along. Any rally should be shorted in our opinion, and we believe that the silver markets are in fact heading down towards the $15 level. In fact, we could go as low as $12, but at this point in time we will simply continue to sell short-term charts that show slave and small rallies.
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.
