Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
02 December
Silver XAGUSD
Silver shot higher as predicted to my next targets of 5675/80 & 5705/10 then 5735/45.
We reached as far as 5883 for a new all time high.
However silver also unexpectedly collapsed to 5656, wiping out most of Monday’s gains.
There should be good support at 5650/30 today & longs need stops below 5600.
A break lower however can target 5500/5480.
Holding support at 5650/30 allows a recovery to 5740/5750, perhaps as far as 5770/5790.
I think silver looks stronger than Gold on the charts.
Further gains can retest the all time high at 5878/83.
A break above 5895 is a buy signal initially targeting 5925/30.
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Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.
Please email me if you need this report updated or Whatsapp: +66971910019 – To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk
Jason Sen, Director
https://www.daytradeideas.co.uk
20251202
