A trendline we’ve looked at before will continue to have consequences. On the weekly chart, it comes in now at 17.325, so we’ll use that number as a correction target for the near term. A breach by a few cents would not necessarily be fatal, but if one occurs we’ll want to monitor the lesser charts closely for signs that could corroborate a serious breakdown. FYI, a Hidden Pivot at 16.830 is equivalent to the one at 1140.10 in August Gold. ______ UPDATE (10:33 a.m. EDT): Silver fell to exactly 17.325 this morning, demonstrating yet again that it, and nearly all markets these days, are being driven by purely technical considerations and traded by machines. The bounce so far has been to 17.545 — substantial, although hardly sufficient to lift Silver from the danger zone.