By FXEmpire.com
The silver markets rose during the session on Thursday as the word around the market seems to suggest that the Fed may be forced to enter another round of quantitative easing as the situation in Europe deteriorates. The premise total ignores the idea of limited demand for silver by industry, so we figure this will more than likely be a selling opportunity. This market has a massive potential resistance point at $30, and we are waiting to see how the market reacts to that area as it was so supportive previously. With this in mind, we simply are content to wait for another sell signal via weak daily candles under or at the $30 mark.
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Originally posted here
