SIN10 – July Silver (Last:19.310)

Our ambitious Hidden Pivot target at 19.430 caught the high of yesterday’s powerful thrust within half a cent.  Now what?  Most immediately, we should expect a 50-cent pop to 19.825, a minor Hidden Pivot that comes off the hourly chart (A=17.080).   Above it, however, sits a big-picture objective at 21.530 first broached here a while back. That’s where July Silver is headed at a minimum, but we’ll want to see how the rally interacts with this major pivot before we look for bigger fish to fry on the weekly chart.