Silver markets gapped lower on Monday as tensions calmed involving North Korea, but quite frankly I think we are going to turn around and try to fill the
Silver markets gapped lower on Monday as tensions calmed involving North Korea, but quite frankly I think we are going to turn around and try to fill the gap, and then eventually break above the $18 level again. This could end up being a buying opportunity given enough time, and I think there is plenty of support below. After all, the initial hour candle for the Monday session was very bullish, forming a massive hammer. Given enough time, I fully anticipate that Silver continues to rally as it has for some time.
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.
