So long as March Silver’s Wednesday high of 16.950  holds, a midpoint pivot at 15.520 will be on the radar. This is about 5% below the current price, but silver traders are used to such swings, having watched their market fall 4% intraday just yesterday. Bids are recommended at 15.525, with stops at 15.480. The D target at 14.085 would bring back memories of last August. (Posted by Harry)  ______ UPDATE (10:37 a.m. EST):  Nice shootin’, Harry! The futures have rebounded 17 cents so far after plummeting to 15.500, the low of the day as of now.  I recommend taking profits on at least half the position now or using a generous trailing stop to manage a single contract.  The theoretical gain on this position would have been as much as $850 per contract so far, or roughly four times what was risked on the initial stop-loss.  _______ FURTHER UPDATE (2:46 p.m. EST):  Profit-taking when advised would have been timely, since the advice went out within two cents of the top of the day’s best rally.  A nasty relapse followed, and the futures have traded as low as 15.305 since.  This implies traders should be out based on whatever judicious trailing stop they may have used. The next Hidden Pivot of significance below is 15.020, although I wouldn’t try to bottom-fish there; rather, you should start looking for the turn on the 1- or 3-minute chart from around 15.035, using a camouflage ‘X’ to get long the expectedly nascent uptrend.