SIN10 – July Silver (Last:17.665)

July Silver (SIN10) Price chart with targetsBecause  Silver  is dominating the discussion in the chat room tonight, let’s get right down to it.  The futures would need to pop above 18.165 today to turn the intraday charts bullish, but they must avoid dipping below 16.590, since that would create a bearish impulse leg of daily-chart degree.  There are no hand holds to try and get long-on-the-cheap at the moment, but to put the correction risk in perspective, July Silver could fall all the way down to 15.710 ( a “reverse” pivot; see chart) without so much as implying that the long-term bull is in jeopardy.