SIZ10 – December Silver (Last:24.655)

December Silver (SIZ10) price chart with targetsAs of mid-evening Thursday, the futures had recouped most of the ground they lost after sellers swarmed a steep, pre-dawn rally.  The high of that spike was at 24.950; so far, the recovery has rallied to within a dime of it, gaining 15 cents off the intraday low. My minimum upside target for the near term remains 25.365, but a pullback today exceeding 23.995 would temporarily kill the momentum by creating a bearish impulse leg on the hourly chart.  The look-to-the-left low that makes this so is highlighted in the accompanying chart.