The silver markets fell slightly during the day on Friday, but essentially are just grinding away sideways. The candle suggests that we are simply going
The silver markets fell slightly during the day on Friday, but essentially are just grinding away sideways. The candle suggests that we are simply going to grind sideways overall, and that we are trying to break out but we may need to pull back a little bit in order to build up enough momentum to finally clear the $20 level. Once we do, the market should continue to go much higher, perhaps reaching towards the $20.50 level, and then breaking out above there given enough time. I have no interest in selling, I believe there is more than enough support below to continue to keep this market afloat.
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.
