There was grumbling in the chat room yesterday because of Silver’s disappointing performance relative to Gold, but no one should doubt that the former remains in a bull market, even if one that is sometimes manipulated against all logic. If it’s any consolation, JP Morgan and the usual bunch of dirtbags failed miserably to push the future down, even, to the midpoint support of an in-your-face downtrend on the hourly chart. That would be at 16.870, but we shouldn’t sweat it, since it will take only a rally exceeding 17.895 to put bulls solidly in charge once again.