By FXEmpire.com

The silver markets fell for most of the week as the fear trade came back into the markets. The breaking of the $30 support level is a significant event in this market, and for our account we are only considering selling at this point. The market continues to be one that looks very weak, and the Dollar will be the key to finding direction in this market. The market will have to break above the $31 level in order for us to buy, and until then – we are selling any rallies on the first signs of failure.

Click here for updated Silver News.

Originally posted here