The Silver markets are in a very volatile mode during the session on Wednesday, heading towards the $16.90 level.
The precious market rolled over from there, falling down towards the $16.50 level. Ultimately, this is an area where there is a large amount of market support. Thus, the probability of a bounce from this level is high. The overall fluctuating pattern continues, and that is very likely to represent a problem trading this market.
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However, if one is nimble but traders and investors could go back and forth right along with the market. The Stochastics based systems could be employment in this business situation, as the precious market doesn’t offer any clear market direction. Short-run trading is probably the best trading strategy for the time being.
