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.
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.
