During the day on Wednesday, we get the Federal Reserve Chairwoman Janet Yellen speaking in front of Congress, and of course the Crude Oil Inventory announcement. With this being the case, the market looks as if it could be volatile, but could be somewhat muted in range as we await the EUR referendum vote coming out of the United Kingdom.

Silver

Silver markets initially tried to rally during the course of the session on Tuesday, but turned right back around to form a slightly negative candle. Ultimately, we are essentially consolidating so one would have to think that sooner or later the call buyers could be interested in picking up value. At the moment, the $17 level looks rather supportive.

DAX

The DAX rose during the course of the session on Tuesday, as we broke above the €10,000 level. We of course get the UK referendum vote today, so it’s likely that the market might be a bit quiet. However, one has to think that the call buyers are starting to take control again when it comes to the DAX.

USD/CAD

The USD/CAD pair did very little during the day on Tuesday, as it appears the 1.28 level is offering a bit of support. However, this is a market that has a gap just above, and that should offer resistance based upon classic technical analysis. With that, it is very likely that the put buyers will return sooner or later.