The silver markets did very little during the session on Thursday as the world sits and waits for the results of the Greek election on Sunday. The market for silver is highly influenced by both the inflation trade and the industrial demand, and as a result have been underperforming the gold markets for some time. Because of this, we are not very interested in buying, but have two distinct levels that must be respected: the $27 and $30 levels. If the market can break out of the consolidation area to get above $30, we are buyers. If the market can get below the $27 level, we are sellers. Until then, we are flat.

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Originally posted here