Silver markets fell during the week, breaking below the $18 level again. However, I think there is a significant amount of support just below, so I would
Silver markets fell during the week, breaking below the $18 level again. However, I think there is a significant amount of support just below, so I would not look for some type of serious breakdown. I believe that the market will continue to grind sideways, so for longer-term traders it will take serious patients to realize gains, but I do think that we go higher over the long term. Short-term charts are probably easier to trade, as the market looks ready to grind back and forth over the next several weeks.
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.
