Comex June Silver (last: 12.420)

The futures were sinking fast Sunday night, bound for a minor Hidden Pivot support at 11.995 that can be bottom-fished with a three-tick stop-loss. Be prepared to jump out of harm’s way if the stop is hit, however, since that would be signaling more downside to 11.620, a target given here earlier. There is yet another at 11.140, and although it was not mentioned here earlier, it is equivalent to the 845.20 target in June Gold. The nearest rally resistance of significance lies at 12.510, the midpoint sibling of the 11.995 pivot.