By FXEmpire.com
Silver markets fell during the session on Wednesday as the Federal Reserve failed to provide any new stimulus. This of course was relatively poor news for those that expected further liquidity, and in reaction the precious metals markets fell.
It appears that a little bit of expectation for easing had been built into the silver markets. As the announcement came out, the market fell from the $28 handle, and raced towards the $27 level. Because of this, it looks like we’re still in the previous consolidation area which is defined by the $26 and $29 levels. With this being said, we are still flat of this market in need to see a breakout of this consolidation area to get involved.
Click here a current Silver Chart.
Originally posted here
