SIU09 – Comex September Silver (Last:15.085)

A rally target at 15.880 broached here earlier is in play, and we should be encouraged to think that it will be reached soon because the futures closed yesterday above its midpoint sibling, 15.050.  The target is sufficiently compelling that we should expect a stall there. However, if it impedes the bulls’ progress for perhaps an hour or less, that would suggest there is more buying power waiting to be unleashed next week.