Silver markets had a volatile we, essentially hanging about the $16.50 level. The resulting candle was a bit of a neutral candle, so we could get a bit of
Silver markets had a volatile we, essentially hanging about the $16.50 level. The resulting candle was a bit of a neutral candle, so we could get a bit of a bounce but I still think that the US dollar strengthening is going to work against the value of the precious metals markets in general longer-term, so having said that I don’t necessarily want to buy silver, lease not until we break well above the $17 level on a daily chart or higher. Ultimately, this is a market that I think will continue to find sellers.
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.
