Silver slides despite technical signals

On Monday, November 24, silver kept sliding, looking weak as it hovered near the key $50-per-ounce support. It's a classic standoff, with bulls and bears now fighting it out for control. The push lower is coming from a stronger greenback and the market losing faith in a Federal Reserve (Fed) rate cut for December, which is bad news for precious metals.

But here's the interesting part: the indicators are telling a different story. The Stochastic Oscillator is flashing a bullish divergence—its lines (%K=47 and %D=40) are climbing even as the price drops, which is a hidden sign of building upward momentum. Meanwhile, the Chaikin Indicator is still negative, yet it is starting to turn up. This suggests heavy selling pressure is easing up, and buyers might be stepping back in after the recent slide down.

That said, while the oscillators are giving us a bit of hope, quotes are still struggling. Bulls are trying to defend their ground at the Bollinger band support of $49.457. The current red candlestick shows there just isn't enough strength for a real push higher. For a reversal to kick in, buyers need to secure a firm foothold above this level and build momentum for a run toward the $52.00 resistance.

From a fundamental perspective, the picture is murky. A strong US dollar and all the questions around the Fed's next move are capping more gains. Nevertheless, steady physical demand and persistent American inflation are providing a floor for the metal.

With such mixed signals, the most probable outcome is consolidation between $49.45 and $50.50. The oscillators suggest a rebound is likely, but for that to happen, traders need to see the price stabilize and hold above the $49.40 support. If it doesn't, it might go down even more.

Here's the trading strategy to consider:

If silver prices confirm a break below $49.40, place a sell order with Take Profit at $47.60 and Stop Loss at $52.00.

This forecast is relevant between November 24 and December 1, 2025.