By FXEmpire.com
The silver markets finally broke out of the consolidation area that we have been talking about for a couple of weeks now. The $27 level looks as if it is ready to continue to offer support, and the $29 level has given way. However, have also suggested that the $29 level actually extended to the $30 level and as a result we don’t consider it completely broken out yet. It isn’t until we get over the $30 mark on a daily close that we are willing to buy. With the industrial demand sinking in most commodities, it is very likely that it is going to take something special to break out. Ben Bernanke mentioning the idea of easing today would do it.
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Originally posted here
