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Bull Cycle Intact

SILVER TECHS
  • RES 4: $26.397 - 1.50 proj of the Oct 3 - 20 - Nov 13 price swing
  • RES 3: $26.222 - High Apr 18 2022
  • RES 2: $26.135 - High May 5
  • RES 1: $25.267 - High Jul 20 and a key resistance
  • PRICE: $25.081 @ 08:07 GMT Nov 30
  • SUP 1: $23.715/23.275 - 20- and 50-day EMA values
  • SUP 2: $21.883 - Low Nov 13 and a key support
  • SUP 3: $20.689 - Low Oct 3 and the bear trigger
  • SUP 4: $19.904 - Low Mar 10 and a key support

Silver bulls remain in the driver’s seat and the metal has traded higher this week. The break higher maintains the current positive price sequence of higher highs and higher lows and moving average studies have crossed and are currently in a bull-mode position. This reinforces current bullish conditions. The focus is on $25.267, the Jul 20 high and a key resistance. Initial firm support lies at $23.276, the 50-day EMA.

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