By FXEmpire.com
The silver markets were very quiet during the Monday session as the market continued to consolidate just above the $31 support level. The support in this market runs down to the $30 level, so this area should continue to keep the market lifted. In fact, it isn’t until we get below the $30 level mark that we are selling. The market looks as if it is trying to figure out its next move at the moment, and while it does indeed look a bit weak, the support area has held up. The bullish cast can still be made overall, but we could have a bit of a struggle gaining any real traction. Short-term buys can be made off of the support area, but they are short-term in nature only at this point.
Silver Forecast April 17, 2012, Technical Analysis
Originally posted here
