The Silver markets went back and forth during the week, breaking above the $17 level at one point. However, we get back quite a bit of a gain so I think
The Silver markets went back and forth during the week, breaking above the $17 level at one point. However, we get back quite a bit of a gain so I think it’s can be difficult to hang onto a longer-term trade currently. The gold markets ended up forming a very negative looking candle, so they could drag down the value of silver as well. Pay attention to the US dollar, if it strengthens it should continue to put quite a bit of bearish pressure on the Silver markets. If that’s the case, the market should then reach towards the $16 level.
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.
