By FXEmpire.com
Silver markets continued to do absolutely nothing during the Tuesday session, as we are currently trading within a roughly $.30 range. The market looks like it’s heavily supported below, especially once we get to the $25 level and as such longer-term we feel that this market will probably go higher. However, with the lack of motion in it presently we aren’t comfortable getting involved yet. We need to see some type of bullish candle in which to even consider it, and we do recognize the fact that the $30 level above is massively resistive as well. We feel this market will be very quiet in the meantime, as we are in the height of vacation season for most traders. As such, we are observing but not trading.
Click here to read Silver Technical Analysis.
Originally posted here
