By FXEmpire.com
The silver markets spent most of the week falling as the concerns of industrial slowdown are being expressed in the markets. Simply put, even though there is a certain amount of bullishness to the precious metals space, the lack of industrial demand for silver will make it underperform its cousin, gold. The $30 level continues to hold as support though, and the market looks like a buy at these lower levels. A break of the previous week’s high should suffice as a buy signal going forward. However, a break below the level on a daily close would send this market lower, and us selling.
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