Silver is tracing out a rally pattern somewhat different from gold’s. The immediate target is 19.030, and if it’s hit, that would remedy nagging doubts that surfaced when the stock surged on Monday without knocking off the external peak at 18.990 recorded on December 4 (see inset). If a rally today exceeds the target by more than three tickets, we could confidently infer that the key high at 19.500 from December 2 will not long endure.