Whether and when December Silver surpasses the important prior high of 19.55 will tell us a lot about its imminent price action.  Despite making a new rally high on Wednesday, the futures failed by two cents to surpass the important prior high of 19.55, visible on the daily and weekly charts.  The December contract is hovering just below the first of four crucial prior peaks, and it is not out of the question for all of them to be surpassed quickly, given the energy with which silver trades at times.  There will be a battle, of course, but we should not be dogmatic about who will win this one.  The four levels to watch on the December chart are 19.55, 19.915, 20.80, and 22.055.  And while camouflage is a trading technique that is used primarily on short-term intraday charts, silver traders and investors should take camouflage principles into consideration in analyzing the longer-term silver charts if and when these levels are broken.  A first instance would be a meaningful pullback from the 19.655 midpoint pivot described yesterday, should it occur.   (Posted by Doug McLagan)