SIN10 – July Silver (Last:18.390)

July Silver (SIN10) price chart with targetsThe 18.115 downside target given here yesterday remains valid, but if there’s going to be a respite in the selling — and possibly an opportune spot to try bottom-fishing — it would come at the ‘p” midpoint shown in the chart. The support is subject to  ‘C’  (18.560) remaining intact, but if that peak is exceeded, you can simply plug in the new high to calculate a revised Hidden Pivot midpoint and target.  If it coincides with Wednedsay’s 18.310 low, however, its value for trading would be diminished. ______ UPDATE (9:37 a.m. EDT): The futures blew out ‘C’ before retreating lower.  The new pattern presaged a move down to 17.960, with a midpoint suypport at 18.285 that has already been crushed. To undo the damage would take a rally today exceeding 18.770