SIN10 – July Silver (Last:18.120)

July Silver (SIN10) price chart with targetsSilver did everything we asked of it and more yesterday, setting up a likely push, for starters, to 18.580, a Hidden Pivot midpoint and the closest such resistance just above.  We should set the bar somewhat higher, however, just above an important “external” peak at 19.145 recorded on May 18 when the futures were falling, to tell us when the correction from mid-May’s highs has ended. If the implied rally is truly impulsive — meaning it is unpaused between the two peaks labeled in the chart — we can infer that Silver is finally on its way to the promised land above $20.