By FXEmpire.com
The silver markets fell slightly on Thursday as the markets continued to prove to be a bit risk adverse. The breaking down below the $30 level a couple of sessions ago still has us looking at this market with suspicion. The silver market looks decidedly weak at this point.
The hammer from the Wednesday session proves to still be in play, and because of the recent breakdown, we only have a couple of choices at this point. Either sell this market on a break of the lows from the Thursday hammer, or sell any signs of weakness between $30 and $31. Buying simply isn’t interesting to us as industrial demand is weak.
Originally posted here
