December Comex silver futures a selling opportunity on more price weakness.
See on the daily bar chart for the December Comex silver futures that prices are in a three-week-old downtrend and have just hit a fresh six-week low. The bears have gained good downside near-term technical momentum recently, to suggest the price downtrend will continue in the near term. A move below solid technical support at $31.50 would become a fresh selling opportunity. The downside price objective would be $27.00, or below. Technical resistance, for which to place a protective buy stop just above, is located at $33.50.
