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.
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.
