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.
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.
