By FXEmpire.com
The silver markets fell again on Tuesday as the grind lower continues. The silver markets look absolutely broken at this point, and lower prices are almost assured at this point. The precious metals in general are getting hit hard lately due to the rise in the Dollar. The ultimate fear trade is to buy the Dollar, and this increases the value of it against commodities most of the time. The industrial demand for silver is also anemic, and as such this market will fall over time. We are selling on a break of the $28 level. On a break and close sub-$27, we are adding to our short positions. We aren’t buying at all.
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Originally posted here
