SIU09 – Comex September Silver (Last:14.550)

The futures looked bound for 15.135 when the regular session ended yesterday. That’s a ‘D’ target of an uptrend whose sibling midpoint lies at 14.630, exactly 2.5 cents above Wednesday’s high. The latter number can serve as a minimum upside objective for Thursday, but if it’s exceeded on the close or by more than eight cents intraday, take it as a sign that the higher resistance will be achieved.