December Silver Futures a Buying Opportunity on More Price Strength
See on the daily bar chart for December silver futures that prices have recently seen a good rebound from the June low and on Monday hit a two-week high. A bullish double-bottom reversal pattern has also formed on the daily bar chart. A price move above solid chart resistance at the May high of $20.065 would provide the bulls with better upside technical momentum and it would also become a buying opportunity. The upside price objective would be $21.25, or above. Technical support, for which to place a protective sell stop just below, is located at $19.50.
