After Touching a 14-Year High, How Much Higher Can Silver Go From Here?

Group 1 - December silver futures are currently in a strong uptrend, having reached a 14-year high this week [1] - The MACD indicator shows a bullish posture, with the blue MACD line crossing above the red trigger line and both trending upwards [1] - There is a significant movement among major industrialized countries to stock up on strategic and precious metals, which is expected to continue and is bullish for precious metals in the long term [2] Group 2 - Safe-haven demand is likely to support continued buying interest in silver, often referred to as "poor man's gold" [2] - A breakout in December silver futures above the recent high of $42.355 would present a buying opportunity, with an upside price objective of $47.00 or higher [2] - Technical support for protective sell stops is identified at $40.40 [2]