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.
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.
