Core Viewpoint - December silver futures are presenting a selling opportunity due to anticipated price weakness [1] Technical Analysis - Recent price action for December silver futures has formed a bear flag pattern, indicating potential downward movement [2] - Increased daily price volatility at higher levels serves as a warning signal for a market top [2] - The moving average convergence divergence (MACD) indicator is in a bearish posture, with the blue MACD line below the red trigger line and both trending down [2] Fundamental Analysis - Safe-haven silver is under pressure from a heightened risk appetite in the marketplace, as evidenced by U.S. stock indexes reaching record highs amid easing U.S.-China trade tensions [3] Trading Strategy - A move in December CME micro silver futures below the support level of $46.82 would signal a selling opportunity, with a downside price objective of $40.00 or lower [4] - Technical resistance is identified at $50.00, where a protective buy stop should be placed just above [4]

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]