Silver markets fell initially during the day on Monday, but found enough support below the 19.50 level to turn things around and form a bit of a hammer.
Silver markets fell initially during the day on Monday, but found enough support below the 19.50 level to turn things around and form a bit of a hammer. This is a market that I like anyway, so a break above the top is hammer has me going long. I think that given enough time, we should reach towards the $20 level, we will probably even break above that given enough time. I think if we pullback from here, it’s very likely that there will be buyers involved in order to take advantage of what would be perceived as value.
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.
