The collapse since April has exceeded every significant low on the long-term charts above $8, creating a very powerful impulse leg of monthly-chart degree. On the weekly chart there are just two ways to read the damage. One yields a potential bottom at 6.730 (10.43); the other, at 4.480 (9.180). The futures are currently in a so-far weak bounce from within 9 cents of the 9.180 midpoint associated with the lower target, but I’d need to see a two-week close above the higher midpoint, 10.430, before taking encouragement. A bottom could of course occur at any time, signaled most subtly on the lesser intraday charts by a preponderance of bullish impulse legs over bearish impulse legs. If Silver devotees will kindly alert me in the chat room to such minor thrusts, I’ll be ready to assess their potential significance in real time. Late-night note (2:07 a.m.):A minor down-pattern suggests the futures could turn on Thursday from as high as 9.295, a midpoint pivot, but any lower would indicate further weakness to its ‘D’ sibling, at least: 9.000. The targets would be invalidated by a rally exceeding 9.590 overnight.