By FXEmpire.com
The silver markets did very little during the session on Friday, even as the gold markets shot higher. This is a running theme at this point in time that the gold markets will rise while the silver markets barely budge. We believe this is because of the industrial demand part of the silver pricing equation, and as such think it will continue to lag the gold markets.
Until we can break above the $30 level, we aren’t confident in the silver markets all. However, we do recognize the fact that the $25 level running all the way to the $26 level does serve as significant support. In the meantime, we simply are avoiding the silver markets and choosing to trade gold.
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Originally posted here
