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.
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.
