By FXEmpire.com
Silver markets had a bearish session on Tuesday as the markets in general continue to shun risky assets. The silver market does tend to be very volatile in general, and times like we are in at the moment can be very risky to get involved in the silver futures. However, we have recently seen a nicely defined area that is containing prices between the $29 and $27 levels. The $29 level actually runs all the way up to the $30 mark, so it will take a break above that level and daily close to go long in our opinion. However, a break below the $27 level would have us selling. In the meantime, we are selling small positions when we get close to the top of the consolidation range as the trend is down overall.
Click here a current Silver Chart.
Originally posted here
