By FXEmpire.com
The silver markets had a strong positive day on Monday as the $27 level acted as support yet again. This last fall was a bit lower than the one before it, so it still suggests that market wants to fall in the end. However, it now looks as if we are heading back into consolidation between the $27 and $30 levels, and as a result we think that the whole area could provide some kind of resistance going forward. Certainly, we need to see quantitative easing out of several central banks to move the price of silver higher in the long run – but this is something that is very possible in the future. In the mean time though – we prefer to sell if we get the right weak candle to do so from. We think that the market should simply head back into the grind it was in the last couple of weeks.
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Originally posted here
