Credit: Shutterstock photoSilver markets tried to rally during the week but turned around to form a shooting star. The shooting star since above the $17.50 level, so if we break down below there I think we will get a pull back to the $17 level. Alternately, if we can break above the $18 level, we should go looking towards the $18.50 level. The market is a bit overextended, and had recently rally due to a "risk off" trade, but that seems to be unwinding. I suspect that we are going to see selling pressure sooner rather than later.
SILVER Video 18.9.17
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
