SIN10 – July Silver (Last:18.235)

While Friday’s fleeting spike failed by a few cents to reach a midpoint target at 18.555, it succeeded in refreshing the bull trend by pushing above some external peaks from earlier in June. If and when the midpoint is breached, we should infer that more upside to at least 19.200 lies immediately in store.  However, if the futures should pull back over the next day or two, a midpoint support at 17.765 is the first place we might look to bottom-fish aggressively.