SIH11 – March Silver (Last:26.950)

March Silver (SIH11) price chart witht targetsAs of around 9:40 p.m. Sunday night, the futures were bouncing precisely from a Hidden Pivot midpoint at 26.525. This would make its ‘d’ sibling at 26.080 a high-odds place to try bottom-fishing, except that the bounce is within just a few ticks of surpassing the point ‘c’ of the pattern yielding the target. If the rally continues, exceeding a peak at 27.365 made Friday on the way down, this would be especially bullish for the near term, since it would amount to a trend change occurring following a retracement that got no farther than its c-d midpoint.  All of this is illustrated in the accompanying chart.