December silver futures (SIZ25) are presenting a buying opportunity as prices hit a 14-year high on the daily bar chart. The moving average convergence divergence (MACD) indicator is in a bullish posture, signaling an uptrend. Major industrialized countries are stocking up on precious metals, creating a bullish outlook for silver.

A move in December silver futures above $42.355 would signal a buying opportunity with an upside price objective of $47.00. Technical support is seen at $40.40. The market is being driven by stockpiling of strategic and precious metals, with safe-haven demand supporting silver as a “poor man’s gold.”

It is important to note that trading commodity futures and options is volatile, complex, and risky. Investors should consider their financial experience, goals, and resources before investing. The Commodity Futures Trading Commission (CFTC) warns about the risks involved in futures trading and the need for thorough understanding of contracts and obligations.

Read more at Yahoo Finance: After Touching a 14-Year High, How Much Higher Can Silver Go From Here?