By FXEmpire.com
The silver markets fell again on Monday, and yet again bounced by the end of the session. The $30 level is obviously a very strong support level, and the market looks to be struggling to completely break it down. However, it has to be said that the market looks very bearish overall, so while we would consider going long on a break of the Monday hammer’s highs, we are cognizant of the fact that this long trade would more than likely be very short-term, and we would be willing to exit at the first sign of trouble. With this being said, our main signal continues to be a sell on a daily close sub-$30. We are still waiting.
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Originally posted here
