Silver markets continue to chop around during trading hours, as Tuesday was very rough indeed. The $17 level continues to be a bit of a magnet for price,
Silver markets continue to chop around during trading hours, as Tuesday was very rough indeed. The $17 level continues to be a bit of a magnet for price, and currently it looks as if we are going nowhere. I suspect that a lot of this will have to do with the Forex markets, as most currency traders are awaiting the speeches from Jackson Hole this week. With this in mind, this market will more than likely react to the US dollar. It should rise if the US dollar falls, and vice versa if it rallies.
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.
