December Silver Futures a Selling Opportunity on More Price Weakness

 See on the daily bar chart for December silver futures that prices are in a six-week-old downtrend and have just hit a two-month low. The bears have the near-term technical advantage and have downside momentum on their side. A move below chart support at Monday’s low of $19.535 would become a selling opportunity. The downside price objective would be $18.50 or below. Technical resistance, for which to place a protective buy stop just above, is located at $20.00.