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.
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.
