By FXEmpire.com
The silver markets fell for the Monday session as the commodity continues to hover around the $31 level. The level is the start of a major support level going down to the $30 mark, and as a result we feel this market can only be bought at this point, but only with a supportive candle to act from.
The silver markets have been a slow grind lately, and the rise from this level would likely be very similar. The market seems to have found a comfortable level in the $30 to $31 area, so we are ready to buy for short-term scalps only. Longer term trades will require a hammer or something similar on the daily chart at the $31 level.
Silver Forecast April 10, 2012, Technical Analysis
Originally posted here
