Here’s a 240-minute chart that clearly shows the provenance of the 1059.80 target drum-rolled in today’s commentary. Pivoteers should find some things to love here, including a “sausage B”  that was followed by another down-leg that exceeded no fewer than three (!) external lows.  The ‘A’  is an over-the-falls, single-bar gem as well, and that’s why I find the pattern so very compelling. If and when the futures fall to the pivot, you can bottom-fish there with a stop-loss as tight as $1.00.  If this should occur on Thursday, I’d suggest exiting the trade if it has not gone at least $6 in-the-black by the bell.  Please note:  The bullish benchmark at 17.605 that I’ve flagged in Silver has an analog at 1122.75 in February Gold. That would be quite a rally, for sure, but it would take no less than that to dispel all doubts that bulls are back in the driver’s seat.