In short next target $37.50
December silver futures bulls have the strong overall near-term technical advantage. Prices are in an accelerating 2.5-month-old uptrend on the daily bar chart. Silver bulls' next upside price objective is closing prices above solid technical resistance at $37.50. The next downside price objective for the bears is closing prices below solid support at $32.00. First resistance is seen at today’s high of $34.485 and then at $35.00. Next support is seen at the overnight low of $33.66 and then at $33.225. Wyckoff's Market Rating: 9.0