Silver markets went back and forth during the week, forming a massive hammer. The hammer is mirrored by the previous hammer, suggesting that there is
Silver markets went back and forth during the week, forming a massive hammer. The hammer is mirrored by the previous hammer, suggesting that there is quite a bit of buying pressure. The uptrend line underneath should continue to push the market to the upside. If we can break above the $17 level, the market should then go to the $17.50 level above, and the $18 level beyond that. I believe that the market continues to be one that you can buy, but I would do so in small positions, or even perhaps in a no leveraged situation.
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.
