SIH11 – March Silver (Last:28.730)

March Silver (SIH11) price chart with targetsThe gnarly, un-intuitive pattern shown in the chart projects to 27.285, and I’d suggest preparing yourself psychologically or otherwise for the fall. Camouflage shorts should reference the 28.565 midpoint, implying you could initiate a trade either on a breakdown abc pattern, or on a failed abc rally.  Alternatively, a robust bullish reversal would be signaled by a print at 30.145, a look-to-the-left peak made January 4 on the way down.