Silver markets have been very choppy during the Thursday session, but the theme remains the same: we are hovering near the $17 level. It makes quite a bit
Silver markets have been very choppy during the Thursday session, but the theme remains the same: we are hovering near the $17 level. It makes quite a bit of sense, because Janet Yellen is speaking at the Jackson Hole Symposium today, and that will have a direct effect on the US dollar. If we can break above the $17.10 level, then I think Silver goes higher. If we break down below the $16.85 level, the market probably falls from there. Ultimately, this is a market that should continue to see a lot of volatility, but I would wait until the market makes up its mind before putting money to work.
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.
