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

Silver Forecast July 19, 2012, Technical Analysis

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About:FX Empire Analyst - Christopher Lewis

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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