SIK10 – May Silver (Last:18.125)

The futures looked poised for a 25-cent pop, based on a Hidden Pivot target at 18.370.  First, however, they’ll need to get past the target’s midpoint sibling at 18.210, which lies just beneath yesterday’s spike top. My gut feeling is that once the pivot is out of the way, the move through the spike top, which lies at 18.235, will be a piece of cake. A rally that makes a point ‘B’ high between those two numbers would provide an excellent opportunity to board via camouflage. _______ UPDATE (1:00 p.m. EDT):   This one worked very nicely, since Silver did indeed pop — for a hefty 25.5 cent gain! — after pushing past the midpoint resistance noted above. The high so far today is 18.380, a penny above our rally target.