Silver markets rallied during the week, breaking above the top of the range from the previous one. It now looks as if the market is going to reach towards
Silver markets rallied during the week, breaking above the top of the range from the previous one. It now looks as if the market is going to reach towards the $18 handle, and therefore I believe the short-term pullbacks are buying opportunities. Longer-term, I believe that the Silver markets reach towards the $18.50 level above. The $17 level should offer a significant amount of support just below going forward. Ultimately, I have no interest in shorting this market it is far too strong and of course a bit undervalued recently.
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.
