SIN10 – July Silver (Last:18.125)

July Silver (SIN10) price chart with targetsEarly Thursday night, the futures appeared to be mustering the energy to take on not only the 18.165 peak we benchmarked here yesterday, but a second more daunting one at 18.330. The latter lies 20 cents above this evening’s so-far high, and 13 cents above a minor HP at 18.200, so buyers will have their work cut out for them. A close above 18.330 would portend easy progress to at least 18.795, the Hidden Pivot midpoint of the large pattern shown in the chart.  I have used the lowest possible point ‘A’ in this instance to project a target because all of the jiggle-jaggle that followed it did not surpass the first “external” peak at 17.895.