The silver markets went back and forth during the course of the day on Tuesday, finding the $14.50 level to be supportive enough to keep the market
The silver markets went back and forth during the course of the day on Tuesday, finding the $14.50 level to be supportive enough to keep the market somewhat afloat. If we can break above the top of the candle for the session on Tuesday though, we feel at that point in time that the market should reach towards the $15.00 level. We believe that the market should continue to show signs of resiliency given enough time, but having said that we recognize that short-term charts will be used to trade this market. After all, we are playing around in a fairly tight range.
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.
