SIU10 – September Silver (Last:17.955)

Here’s Silver, trading exactly where it was in early January. That should temper our expectations for the moment, although it should be noted that an impulsive dip below 17.150 would not exactly be a sign of good health. More immediately, there remains the prospect of a test of trendline support that comes in today near 17.350. Alternatively, it would take an upthrust to at least 18.185 to stir up a mote of bullish enthusiasm.  That’s a tick above a look-to-the-left peak that doesn’t even exist until one zooms down to the 10-minute bars or less.