With the US dollar getting absolutely hammered, Silver markets rallied during the day on Monday, as we broke above the $17.25 level. That’s a very bullish
With the US dollar getting absolutely hammered, Silver markets rallied during the day on Monday, as we broke above the $17.25 level. That’s a very bullish sign, and I believe that Silver now will continue to go higher. This is a simple extension of the gold markets breaking out as well, so I believe that precious metals overall will do well. Buying dips should continue to be the way going forward, and I think that Silver will go looking towards the $17.50 level next. I have no interest in shorting, and believe that support should be found at the $17.20 handle.
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.
