Silver Forecast July 19, 2012, Technical Analysis
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The silver markets fell during the Monday session, but remains locked between the $27.00 level and the $27.50 level. The silver market has been very dead lately, and as such we have avoided it like the plague. We think that until we see a serious break out or break down, we are not going to be involved. We see the $25 level below is a massive support zone that must give way in order to start shorting again. We also see the $30 level above as a serious barrier to any long-term higher move. Because of the fact that the market will not move lately, we are simply observing, but not trading silver.
Silver Forecast July 19, 2012, Technical Analysis
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Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.
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