Silver markets initially tried to rally during the course of the week, but then turned back around to form a bit of a negative candle. The $18 level below
Silver markets initially tried to rally during the course of the week, but then turned back around to form a bit of a negative candle. The $18 level below could be supportive though, so let’s see whether or not there is a supportive candle that we consider going long. If we do break down below the $18 level, at that point time I feel that the market will probably reach down to the $16 level. Ultimately, I prefer to go long if I have a signal to do so, but I have to wait for it to happen.
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.
