SIH10 – Comex March Silver (Last:19.130)

Yesterday’s spike brought more visual symmetry to a pattern that projects to 19.625 (18.670 midpoint).  It’s a compelling picture, and so we should expect the futures to pause for at least a day when they reach the target. If they blow past it in an hour instead, we should infer that bulls have a test of the $20 threshold in mind — and that they are likely to prevail.