SIN10 – July Silver (Last:18.350)

July Silver (SIN10) price chart with targetsAs noted here earlier, a fairly important Hidden Pivot resistance at 20.170 looms as our minimum upside target for the moment, but an 18.795 midpoint resistance will need to be overcome first. Night owls can try bottom-fishing at 18.325, a tick above the Hidden Pivot support shown in the chart. A three-tick stop-loss is advised. ______ UPDATEWe were stopped out for small change when the futures fell overnight to  a low at 18.090.  That’s two cents from the target of a correction pattern that wasn’t fully formed until around 5:30 a.m. EDT, but it would have been tough to bottom-fish in any case, since the low was just above the target. In retrospect, only camouflage would have worked, and even that was no picnic.