December Silver Futures a Buying Opportunity on More Price Strength

See on the daily bar chart for December silver futures that prices are in a four-week-old uptrend and have just hit a 3.5-month high. The bulls have the near-term technical advantage and have momentum on their side. A move above chart resistance at last week’s high of $21.30 would become a buying opportunity. The upside price objective would be $23.00 or above. Technical support, for which to place a protective sell stop just below, is located at $20.47.