Hmmm I suppose only time will tell. December Silver . Silver has been simply following lock-step with gold lower. The bears are in charge so bulls should wait until two consecutive closes over moving average resistance at 485.5 before buying futures. The symmetrical triangle that had built up in August, September and early October was broken to the downside a couple of weeks ago and prices have since made fresh yearly lows.
Prices continue to look lethargic and weak.
If you must be a bull and get into this market ahead of the elections and in conjunction with all the Middle East turmoil, calls are the only reasonable approach.