SIZ11 – December Silver (Last:34.100)

EDT

December Silver (SIZ11) price chart with targetsSeen from a distance (see inset), a bearish pattern auguring a fall to at least 28.385 is sufficiently distinctive to be called compelling.  Bulls could remedy this — or at least reduce the odds — with a thrust above the 36.680 nubbin highlighted in the chart. However, the longer the futures hover without having done so, the heavier they will become. The picture would be less bearish if the correction had exceeded an external peak. In fact, there are none until 40.780.

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