XAG London Silver - Silver Forms Double Bottom, Anticipates Short-Term Stability Recovery

Regarding silver in London, the MACD indicator on the technical chart has just crossed above the signal line. The silver price found support near the 29.60 level twice in November, temporarily forming a double bottom pattern, indicating a tendency for silver to stabilize again. Resistance is expected at 31.40 and the 50-day moving average at 31.70, with the major resistance anticipated at 32 and 32.26 U.S. dollars. Support levels look back to 30.80 U.S. dollars, with significant support forecasted at 30.40 and the 30 U.S. dollar level, pointing to 29.50 as the next level of support.

London Silver Forecast Range for December:
Resistance: 30.95 - 31.65 - 32.32 - 33.40 - 33.95
Support: 30.45 - 29.90 - 29.40 - 28.85 - 28.15

London Silver Forecast Range from December 2 to 6:
Resistance: 31.05 - 31.50 - 31.95 - 32.40 - 33.33
Support: 30.10 - 29.65 - 29.20 - 28.65 - 27.75

London Silver on December 2:
Forecast Range: 30.40 - 30.75
Resistance: 30.95 - 31.25 - 31.65 - 32.00
Support: 30.25 - 30.05 - 29.85 - 29.50

iShares Silver Trust Silver Holdings:
November 25 - 14,766.29 tons
November 26 - 14,754.95 tons
November 27 - 14,754.95 tons
November 28 - 14,754.95 tons
November 29 - 14,709.59 tons

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