SIH10 – Comex March Silver (Last:18.580)

The corrective pattern in Silver looks less reliable than the one I’ve flagged in Gold, although there’s a comparable midpoint support at 18.415 that we can use as a minimum pullback target.  You can try bottom-fishing there with a three-tick stop-loss, but be aware that this is a riskier play than in Gold.  On the weekly chart, Silver has already blown past the midpoint resistance analogous to the one proffered in Gold. The Hidden Pivot was at 18.425, a whopping 50 cents below the peak recorded by the March contract in December.