By FXEmpire.com
The silver markets fell on Wednesday as the support level between $31 and $30 continues to be tested. The market will have certainly reacted poorly to the weaker than expected ADP employment numbers out of America for the session, as it suggested that the industrial base of America is slowing down. This would lead to less demand for silver from the industrial side, and this could continue to put pressure on the market overall. The market is well supported at this level though, and as long as we stay above the $30 level, we are not willing to sell. The market will more than likely sit still until Friday’s Non-Farm Payroll numbers are released, and as a result we are flat at the moment.
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