This uncertainty could cause the market to remain volatile in the short term.
Ultimately, the silver market is expected to remain choppy in the long term. Traders need to be vigilant and carefully consider their position sizes. The direction of the market will depend heavily on the Federal Reserve's decision regarding monetary policy. Given the current uncertainty, traders need to be cautious and prepared for further market volatility.
The only way I know how to do this is to make sure that you keep your position size reasonable as they are almost certainly going to be pushing the market around quite violently. If that’s going to be the case, you have to be very cautious and understand that losses could come quite frequently if you are not careful in this type of environment. Ultimately, with the type of move that we have seen over the last couple of days, there is generally some sort of follow-through, but you should also keep in mind that the markets are currently fighting the Fed and it makes for a very dangerous situation.
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Source: Daily_Forex - 🏆 567. / 51 Read more »
Source: Daily_Forex - 🏆 567. / 51 Read more »