By FXEmpire.com
The silver markets were fairly flat during the session on Monday in thin holiday trading. The Americans had their Memorial Day holiday, and as a result the volume was low for the session. The market looks to be resisted at the $29 level, and supported at $27. This area is a bit of consolidation and it is possible that we grind sideways in the near term until one of these areas is broken. It should be noted that the $29 area actually extends to the $30 level, and we wouldn’t feel comfortable gong long until we are above that level. As for selling, under $27 we do so aggressively.
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Originally posted here
