December silver futures a buying opportunity on more price strength.
See on the daily bar chart for December Comex silver futures that prices have recently seen a bullish upside “breakout” from a sideways trading range at lower price levels. Prices Thursday hit a two-month high as the silver bulls have gained good upside near-term technical momentum. A move above solid overhead chart resistance at Thursday’s high of $22.21 would provide the bulls with more technical power and it would also become a buying opportunity. The upside price objective would be $26.00 or above. Technical support, for which to place a protective sell stop just below, is located at $20.595.
