Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
04 December
Silver retested the all time high at 5878/83 as expected but is also only trading sideways.
A break above 5905 should be a buy signal initially targeting 5925/30 (although I fear we will continue to drift sideways so breakout trades may not work well).
If we continue higher look for 5950 & 5975, perhaps as far as 5995/5999
We are still trading mostly inside of Monday’s range with yesterday’s push higher failing.
However I will remain a buyer on any weakness with minor support at 5810/5790.
Longs need stops below 5770.A break lower can target support at 5720/5700. Longs need stops below 5680.
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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.
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Jason Sen, Director
https://www.daytradeideas.co.uk
20251204
