A Hidden Pivot target not far below, at 17.185, seems unavoidable. It is analogous to the 1140.10 target proferred here earlier for August Gold. Like that target, it can be bottom-fished with a very tight stop-loss — in this case as tight as six ticks. ______ UPDATE (3:13 p.m. EDT):  Bullion has rallied today, going against my expectations, and so I’ve updated today’s gold tout by noting two peaks that the August contract will need to surpass to create a bullish impulse leg of daily-chart degree.  The corresponding peaks for Silver lie, respectively, at 18.280 and 18.535.  Keep in mind that, in order to signal a trend change with the kind of unambiguous power it will take to push Silver for once and for all above $20, the rally must not break into a b-c correction once it has surpassed the lower peak.