Silver: $30 Level Holds—Breakout Above $31 Could Trigger Surge

From dailyforex.com

The silver market has been all over the place during the early hours of Wednesday, as we continue to dance around the $30 level. The $30 level is a large, round, psychologically significant figure that a lot of people might be paying close attention to at the moment. However, the reality is that the market is still going to be very noisy, mainly due to the fact that we are reacting to headlines, not necessarily anything that is considered to be “real.” Technical Analysis Silver has been stabilizing over the last 3 days, just at the $30 level. We had dropped as low as sub $28, but we have popped back up in the air ... (full story)