May Silver exceeded our bullish benchmark yesterday by four cents, leaving buyers in command for a third consecutive day. However, the 18.160 rally target shown in the accompanying chart looks too compelling to  have been missed, so we’ll stipulate that it be hit or exceeded today before lending our unqualified endorsement to the short-term outlook.   A further push touching 18.330 would be very bullish.  _______ UPDATE:  Ha ha very funny.  After exceeding our 18.160 benchmark by a single penny, the futures collapsed 30 cents . We are beginning to see this dynamic more and more — gold and silver reaching their respective ‘D’ rally targets, then dying.  It reaffirms something I said here before — that although bulls are clearly in the driver’s seat and easily able to shake off sellers’ hardest punches, they are in no hurry to take prices to the next level.  For our part, to avoid getting fooled — ever — we will be more stringently “qualifying our endorsements” for the foreseeable future.