Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

12 December

Silver  XAGUSD

1. 1. Silver broke the all time high for a new buy signal & we have shot higher to my next target of 6360/6380 & as far as 6431.
2. 2. Outlook remains positive with next targets of 6470/75, 6500/6510 & 6535/6540.
3. 3. Downside is expected to be limited with first support at 6275/65 & longs need stops below 6250.
4. 4. A break lower meets strong support at 6180/6170 & longs need stops below 6155.

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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

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20251212