Silver markets initially saw a lot of volatility during the week but turned around to form a hammer. If we can break above the top of the candle, the
Silver markets initially saw a lot of volatility during the week but turned around to form a hammer. If we can break above the top of the candle, the market should continue to go much higher, perhaps reaching towards the $18.50 level, and then possibly even as high as the $20 level. This is a market that has bounce significantly and I believe that the next move is going to be crucial to the longer-term outlook for the market. Pullbacks continue to offer support as far as I can see.
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.
