By FXEmpire.com
The silver markets fell at first on the session Friday, but then bounced later in the session as the $30 offered a lot of support. This hammer looks supportive as the markets continue to respect that level. The silver markets will be pushed and pulled by both the expectations of easing and the industrial demand for the metal.
The hammer does suggest that we are going to go higher, and as a result we are buying on a break of the top of the range as this would suggest follow though by the bulls. A break below and close sub-$30 has us selling.
Click here a current Silver Chart.
Originally posted here
