SIZ10 – December Silver (Last:19.730)

Yesterday’s selling was weakly impulsive because the futures needed a couple of running starts to take out some prior lows.  The last of them projected down to 19.575, a Hidden Pivot target that you can bottom-fish via a 19.570 bid, stop 19.555.  It seems likely to be reached because the sibling midpoint support at 19.735 has been trashed and is acting like resistance Thursday night. ______ UPDATE (11:23 a.m. EDT):  Buyers overpowered bears overnight, turning the futures from a 19.700 low to lend yet more weight to the likelihood of a move over the near term to at least 21.630, or 22.505 if any higher.  Please note that these are important numbers with the potential to produce a top of at least intermediate-term importance.