SIN10 – July Silver (Last:17.785)

It’s Sunday night, and the futures are gently wafting above a 17.785 midpoint resistance associated with a ‘D’ target at 18.015 (A=17.410 on the hourly chart).  We’ll use the latter price as a minimum upside objective over the near term, noting at the same time that additional resistance may be encountered at 17.905.  This is all pretty innocuous stuff, but if bulls were to rev things up a bit and surpass  18.725 today or tomorrow, that would put the fear of the Lord in bears’ cold, tiny hearts.