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.
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.
