The Silver markets did very little during the day on Thursday, as we continue to hover around the $17.75 level. There is plenty of support underneath,
The Silver markets did very little during the day on Thursday, as we continue to hover around the $17.75 level. There is plenty of support underneath, especially at the $17.50 level, and with that being the case I think that we may get a bit more choppiness, but I don’t think there’s much to move the market in the short term. If we see some type of “risk off” event, then it’s possible that the market will turn around and go positive again. Pay attention to the US dollar, because if it loses value, that could help silver as well.
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.
