Silver markets continue to go sideways during the session on Tuesday, as the gap from the Monday opening remains resistive. Because of this, I believe
Silver markets continue to go sideways during the session on Tuesday, as the gap from the Monday opening remains resistive. Because of this, I believe that the market is going to continue to come under a bit of pressure, and I believe that given enough time we may see the market dropped down to the $17.50 level. Because of this, I’m not interested in buying this market until we can cross the gap, meaning clear the $18 handle. A lot of the “risk off” trade into precious metal seems to have abated, and silver of course has paid the price.
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.
