By FXEmpire.com
The silver markets continued to do absolutely nothing on Thursday as summertime volumes continue to dwindle. We are in the height of the vacation season, and as such the precious metals markets is essentially closed.
The silver market seems trapped between the $25 and $35 levels, with about one dollar’s worth of cushion surrounding them. We run into massive resistance once we have the $29 level, and massive support once we at the 26th dollar level. We need to break out of the outer range in order to get a solid trade going. In the meantime, this market is so tight it’s hard to scalp even.
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Originally posted here
