It’s not often that perfect camouflage develops on charts of greater magnitude than intradays, but there’s a real doozie taking shape in May Silver.  Notice how yesterday’s thrust created a high that did not exceed the 18.605 resistance peak from April 12.  While most traders and chartists will see in this Silver’s failure to break out, we see a promising impulse leg that surpassed the required two prior peaks. This does not constitute camouflage yet — we’ll need to see a pullback first to at least 18.195 — but if things develop along the lines of what I’ve drawn in the chart, it could set up a potentially very-low-risk buying opportunity for us. And even if price action does not conform to our ideal, we can still use other tactics to catch a ride following an uncorrected breakout above the April 12 peak.