By FXEmpire.com
The silver markets had a very disappointing week for the buy side as the market sold off rather aggressively. However, we are sitting just above a massive support zone. On the daily charts, you can clearly see that $27 is a level where support starts. However, the support really doesn’t end until we break below the $25 mark. Because of this, we are waiting for that to happen in order to sell. There is absolutely nothing on this long-term chart that suggests we should be buying at this point. It is because of this that we are in a “sell only” mode at the moment.
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Originally posted here
