The silver markets fell hard during the course of the session on Thursday, breaking below the $17 level and making a fresh, new low. Because of this, we
The silver markets fell hard during the course of the session on Thursday, breaking below the $17 level and making a fresh, new low. Because of this, we believe that the summer markets will continue to go much lower, probably heading to the $15 handle. Short-term rallies will continue to offer selling opportunities, as the summer markets certainly look a very beaten up and ready to continue going much lower. That being the case, the candle also looks very negative, so we believe that there is plenty of downward pressure to continue the downtrend.
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.
