By FXEmpire.com
The silver markets have been weak over the last two months and in reality since March 2011. The market has been in a downwards channel since that point in time, and as a result this market has been somewhat range bound. The market is also driven by industrial demand, so it will be a bit of a different animal than gold – even though there are plenty of people that trade the two in tandem. Because of this, we suspect that there could be a divergence between the two metals, with gold rising and silver wilting over time. On a break below the $30 level, we are sellers.
Silver Forecast for the Week of April 16, 2012, Technical Analysis
Originally posted here
