By FXEmpire.com
The silver markets fell hard on Tuesday as the rout in this market continues. All semblance of support has given way, and it looks as if this market will continue to be beaten up as the US dollar is favored currently.
The breakdown below the $30 level should continue to have traders pushing this market lower, and the $26 level is now in sight. The breaking of the lows from Tuesday would have us selling at this point and aggressively so. The buying of this market isn’t even a thought at this point in time as the silver markets are being hit with the double whammy of both a strengthening US dollar and global industrial slowdown. In this environment, we simply cannot buy.
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Originally posted here
