SIU10 – September Silver (Last:18.505)

September Silver (SIU10) price chart with targetsSilver has been making steady headway, so let’s set the bar high today to tell us whether there is breakaway strength percolating below the surface. Specifically, we’ll monitor the “external” peak at 18.820 recorded on June 30. A  move above a lesser peak at 18.690 just to the right of it would probably do the trick, but we’ll want to demand “max” performance just to be sure.  Entry for night owls has already been signaled at 18.455 (implying midpoint resistance at 18.530), so you’ll be on your own in finding camouflage to board belatedly. The five-minute chart looks right for this, referencing some very small peaks made on the way down from Tuesday’s high.