December Silver (9.795)

The December futures need only punch through, then close above, 10.265, a midpoint Hidden Pivot, to signal their readiness for flight to as high as 11.330 over the near term. Sunday night owls should look for support at 9.735, but I wouldn’t lean to heavily on this minor pivot, since the pattern that produced it is a little fuzzy. Another way to get long would be to buy-stop 9.875, since a print at that price would be a minor, double break-out: above a previous peak, but also above a minor midpoint pivot. _______ UPDATE: Silver’s rally fizzled a tick below the 10.265 trigger price, disappointing bulls but providing a timely and precise opportunity to hedge long-term positions.