Silver’s steady March toward the 74.30 target turned into a struggle three weeks ago and is likely to resolve itself in either of two ways. It could kick off the holiday-shortened week with renewed vigor; or, alternatively, sink to the green line, x=60.275. The latter, like the one described immediately above for December gold, would trigger a theoretical buy signal (stop 55.59), but with the prospect of a weak follow-through only to the red line (p=64.95) before the next downturn.
$SIZ26 – December Silver (Last:66.75)