Silver markets rally during the course of the week, testing the $20 level. It looks as if we are trying to break out to the upside, and with the Federal
Silver markets rally during the course of the week, testing the $20 level. It looks as if we are trying to break out to the upside, and with the Federal Reserve refusing to raise the interest-rate, it looks as if the market will more than likely continue to go higher, and the pullback should offer buying opportunities due to the lower interest-rate environment. Given enough time, I think that this is a nice longer-term investment opportunity. Because of this, I have no interest in selling, and believe that the $18 level below is essentially the “floor.”
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.
