SIU10 – September Silver (Last:18.095)

September Silver (SIU10) price chart with targetsSilver’s 15-minute chart looks a bit stronger than Gold’s at the moment, so I’d suggest using the pattern shown, adjusting as needed if a lower ‘C’ is recorded, to get long.  The trade can be tied to a “time stop” of perhaps a minute or two if you don’t want to risk a fall below ‘C’. ______ UPDATE (2:39 a.m. EDT):  Silver fell without triggering the hypothetical buy described in the chart, but the stage-managed decline that has ensued could open up a bottom-fishing opportunity at 18.075, a Hidden Pivot target nicely visible on the 15-minute chart (A=18.575 on August 9 at 8:30 a.m.).  An 18.580 bid, stop 18.560, is advised. _______ FURTHER UPDATE (10:48 a.m. EDT): On their way down to a so-far intraday low of 17.960, the futures bounced 6 cents from 18.070 — enough to allow a partial profit, or at least the implementation of a loss-proof trailing stop if you managed the trade using the 1:3 risk:reward ratio that I always recommend. My apologies, incidentally, for the senile mistake of somehow extrapolating an 18.580 bid from an 18.070 pivot. As someone in the chat room figured out, the trade made sense if you took out the numeral ‘5’ .