The silver markets fell during the course of the session on Thursday, breaking well below the $16.50 level. With that being the case, the market looks as if it’s heading to the $16 level, and then possibly as low as the $15.50 level. Ultimately, the market looks as if the sellers are going to be in control for the short-term, so therefore it is possible to sell below the $16 handle. The $15.50 level should continue to be the floor though, we are not expecting the market to fall apart at this point in time.
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