By FXEmpire.com
The silver markets rose slightly during the session on Friday. The market has been selling off lately as the $30 level giving way was a sign that the bearish momentum was going to pick up. However, the $27 level has offered nice support, and it now looks as if we are going to grind sideways in consolidation. The high level is the $29 – $30 in this zone, and as such we need to see a daily close above that mark in order to buy a position in this market. In the meantime, we like selling rallies that fade, and would certainly be interested in selling a breakdown below the $27 level.
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Originally posted here
