December contract silver futures are up 15-cents, trading around $24.30. The trade is turning up as per the weekly chart below. From my analysis, pulling back from these levels would be seen as buying rather than selling. The Hightower report this morning mentioned those Fed members are expressing concerns over inflation. If you have been to grocery stores recently, you could sense that things are a touch more expensive than they used to be, even from six months ago. More on this another time. From the technical perspective, markets are turning up. Give me a call or email me. I have recommendations in March silver that I would be happy to discuss over the phone. Have a great weekend!

Silver Weekly Chart
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Eli Tesfaye

Senior Market Strategist
Eli started his career in the futures and options market while he was in graduate school finishing up his MBA in 2003. Eli specializes in Automatic trading strategies and systematic options trading strategies in futures market. He has been Series 3 license holder since 2005. Eli's is an avid reader, runner, and yoga practitioner.
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