Silver markets fell initially during the week, but turned around to form a hammer. Ultimately, this is a market that looks like it could bounce but I
Silver markets fell initially during the week, but turned around to form a hammer. Ultimately, this is a market that looks like it could bounce but I recognize that the $17 level above is resistive. The $17.50 level above is also resistive, so at this point I feel that even though we should have a bounce, I’m looking for a resistive candle above in order to start selling. A break down below the bottom of the candle is also a bearish sign, but at this time it looks likely that we will have to you shorter-term charts.
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.
