Silver markets rose during the session on Monday, as we continue to see a safe haven bid for precious metals. The North Koreans testing a nuclear bomb
Silver markets rose during the session on Monday, as we continue to see a safe haven bid for precious metals. The North Koreans testing a nuclear bomb rattled the Korean Peninsula, and we now find ourselves reaching towards the $18 level. I think pullbacks should be buying opportunities given enough time, and once we break above that level I think the market is free to go much higher. If we pull back, the reality is that there is more than enough support underneath to continue to push this market to the upside. I look at pullbacks as buying opportunities if we can stay above the $17.50 level. I have no interest in shorting.
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.