Silver markets rally during the day on Wednesday after initially going sideways. However, the $17 level above will continue to offer resistance, and I
Silver markets rally during the day on Wednesday after initially going sideways. However, the $17 level above will continue to offer resistance, and I think it extends to the $17.20 level. And exhaustive candle is an opportunity to start selling again, and I believe that the market will go down to the $16.50 level under there. A break above the $17.25 level would be a strong signal to start buying. Ultimately, this is a market that will continue to be volatile, but I think that we have seen most of the gains in the precious metals markets for the time being.
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.
