The silver markets bounced during the session on Monday, going all the way up to the $17.30 region. However, this is most certainly one of the more
The silver markets bounced during the session on Monday, going all the way up to the $17.30 region. However, this is most certainly one of the more bearish markets out there, and as a result it’s very likely that the markets will continue to sell off over the longer term. With that, we believe that $18.00 will be the “ceiling”, and with that the market should continue to be very negative. The bullish candle does look significantly strong, but only for the short-term. We are simply waiting for that resistant candle in order to start going short yet again.
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.
