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.
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.
