SIK10 – May Silver (Last:18.650)

There’s no rally target for Silver precisely analogous to the 1208.80 pivot I’ve flagged in Gold, but the one that comes closest lies at 19.545, a nickel above last December’s watershed high.  Greater clarity can be found on the hourly chart, which says the futures are bound for at least 19.530.  If they noodle around the midpoint at 18.510, we should look for opportunities to buy there JUST before SI takes off.