December Silver . This market hit another fresh yearly low of 481.5 and closed near session lows, ending at 482, down 4.5 cents. Silver is simply following lock-step with gold lower. As suggested, bulls should wait until there are consecutive closes over major downtrend resistance at 495. The symmetrical triangle I referenced last week was broken to the downside and has since made a new yearly low.
Prices continue to look lethargic and weak.
If you must get into this market ahead of the elections and in conjunction with all the Middle East turmoil, options may be the only way to go.