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.
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.
