SIZ11 – December Silver (Last:31.800)


December Silver (SIZ11) price chart with targetsUse the 31.755 target of the pattern shown to buy four contracts with a three-tick stop-loss. If the order fills and survives till morning, I will post further guidance. However, you should take half the position off if it goes in the black by nine ticks (i.e., 4.5 cents), and stop yourself out of the rest if a downtrend generates a bearish impulse leg on the three-minute chart. _____ UPDATE (2:09 p.m. EST): Around 1 a.m., the futures did indeed take a tradable, 5-cent bounce from 31.750, implying that you would have bought as advised and taken profits on half the position on the brief rally that followed, only to see the futures dive to lower lows, stopping you out, overnight. Officially, I’ll score the trade as a scratch.

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