Silver markets initially went sideways on Friday, but started to fall as we reach down towards the $18 level. This is an area that we have broken out
Silver markets initially went sideways on Friday, but started to fall as we reach down towards the $18 level. This is an area that we have broken out from, so I would anticipate that buyers should return. On the first signs of support, I’m willing to start buying, as the $18 level could offer a nice launching point to the $18.50 level. With this being the case, I think that the market should be offering a nice buying opportunity over the next 24 hours, and I plan to take advantage of this.
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.
