By FXEmpire.com
The silver markets continued to grind around in the recent consolidation area on Thursday. The market is essentially sitting just on top of a massive support level in the form of $27, and the $29 to $30 level is the resistance. The consolidation is forming what could be a bearish flag, and this has our interest. The selling of silver has been brutal, and it looks as if the move could continue. A break below the $27 level on a daily close has us aggressively selling this market. As for buying, we need to see a daily close above the $30 level.
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Originally posted here
