SILVER - Silver climbs to highest since May

Silver climbs to highest since May

As for the silver, the technical chart shows that the RSI and the stochastic index are falling again. Be careful if the current $22 points fails to break through clearly, there will still be further downward pressure on the silver price. The closest support is expected to look at 20.80 and 20.50, and the largest support is expected to reach the $20 points. In addition, if calculated based on the cumulative increase from the low of 17.53 on September 1 to the high of US$22.26 on November 15, the 38.2% return rate is 20.45, and the expansion to 50% and 61.8% is 19.90 and 19.34 US dollars respectively. The resistance level will firstly look at the 250-day moving average of 21.70 to the $22.00 points, and the next level will point to this month's high of $22.26.

iShares Silver Trust Silver Holdings:
November 21 – 14,898.96 tons
November 22 – 14,921.86 tons
November 23 – 14,921.86 tons
November 24 – 14,921.86 tons
November 25 – 14,933.32 tons
November 28 – 14,919.00 tons
November 29 – 14,907.55 tons
November 30 – 14,893.23 tons
December 1 – 14,853.15 tons

Silver December 2
Predicted early volatility: 22.55 – 22.85
Resistance levels: 23.15 – 23.35 – 23.75
Support levels: 22.35 – 21.80 – 21.40

 

 

 

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