Rejection at ResistanceThe recent swing back from $3,886 swing low last week found resistance near the 10-day average, resulting in rejection over three days. Today’s high of $4,006 made another attempt but instead resulted in the second consecutive day of lower daily highs and lows. The behavior formed a small bear flag pattern and a breakdown triggered today. If the breakdown continues lower, prices will likely be challenged before sustainable support is found.Dynamic Resistance ConfirmedThe behavior of g ...

December silver futures (SIZ25)  present a selling opportunity on more price weakness. See on the daily bar chart for December silver futures that recent price action has formed a bear flag pattern. The recent higher daily price volatility at higher levels is also a warning signal that a market top is in place. See too, at the bottom of the chart that the moving average convergence divergence indicator is in a bearish posture, as the blue MACD line is below the red trigger line and both lines are trending ...