Silver markets fell during the course of the week but did bounce a bit off of the $19 level. Ultimately, this is a market that should continue to find
Silver markets fell during the course of the week but did bounce a bit off of the $19 level. Ultimately, this is a market that should continue to find buyers below though, as a break above the $18 level was a big deal. At this point, there are quite a bit of resistance barriers just above, but I believe that eventually we will break out to the upside as the “soft currencies” out there continue to be shunned by traders around the world. This hard currency trade should continue for the longer term, so every time we pullback you have to think that value is being offered.
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.
