SIN10 – July Silver (Last:19.170)

July Silver (SIN10) price chart with targetsYesterday’s thrust refreshed the bull trend on the intraday charts, exceeding the external, “look-to-the-left”  peak shown with a robust new impulse leg. The small pattern at the right-hand edge of the chart can be used for targeting and leveraging the next push, but keep in mind that the larger pattern begun from the May 6 low implies critical resistance at 19.200. _______ UPDATE (2:32 p.m. EDT):  The July contrtact has been as high as 19.275 today, having effortlessly impaled the 19.200 resistance in a single bound.  This exuberant price action will shorten the odds of a further push to at least 20.45, the next important hidden resistance, over the next 4-7 days.