Silver rallied Dec 1 and defined a key support at $21.899, Nov 30 low. Dec 1 price action is a bullish engulfing Japanese candle line and still highlights a reversal. If correct, this signals scope for a climb towards and a test of trendline resistance at $24.933, drawn off the Aug 7 high. A break of the trendline would confirm a more significant reversal. On the downside, sub $21.899 levels resumes the downtrend. Initial support is at $23.524.

Fixed Income Technical Analysis Foreign Exchange Technical Analysis Homepage markets-real-time Commodities Bullet Markets Fixed Income News Foreign Exchange News

Taso Anastasiou

Fixed Income Technical Analysis Foreign Exchange Technical Analysis Homepage markets-real-time Commodities Bullet Markets Fixed Income News Foreign Exchange News

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Attention Is On Trendline Resistance