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 steep seven-week-old downtrend and on Tuesday hit a nearly three-month low. The bears have the firm near-term technical advantage. A move below chart support at Tuesday’s low of $19.11 would become a selling opportunity. The downside price objective would be $18.00 or below. Technical resistance, for which to place a protective buy stop just above, is located at $19.75.
