SIK11 – May Silver (Last:36.990)

Silver is putting up more of a fight than Gold here, but if it heads lower nonetheless in search of a solider launching pad, look for the turn near 36.600.  That’s the midpoint support of the pattern shown, but if it gives way its ‘d’ sibling at 35.950 would be in play. Either can be bottom-fished with a stop-loss as tight as four ticks.  Alternatively, bulls would need to goose this vehicle to at least 37.580 today to put the squeeze on silverdom’s bad guys.