We’re short a single contract from 21.870 after adjusting its cost basis by the amount of a partial profit booked yesterday at 21.400. That’s where I recommended covering half the position via an update posted at around 10:23 a.m. I then suggested using a stop-loss at 21.515, but the futures never got any higher than 21.505. The stop was to have been O-C-O (one-cancel-other) with a buy-stop at 21.310, but that last number was not reached until after hours — the overnight low so far. For now, use a  21.490 stop-loss, but lower it to 21.435 if and when 21.250 is reached. ______ UPDATE (7:54 p.m. EDT):  Moments after I wrote the above, Silver got pounded down to a new low of 21.250. That’s an exact Hidden Pivot (15m, A=21.615 at 8:30 a.m.), but so far the bounce is less robust than we might have expected.  The next Hidden Pivot below is 21.225, and that is my maximum downside target for the time being.  Use a 21.435 stop-loss until it is touched, covering at 21.230 otherwise.  If you are short more than a single contract at this point, I’d suggest holding a small piece of your original position for a potential four-bagger. _______ FURTHER UPDATE (3:37 a.m. EDT): We covered the remainder of the position at 21.230 for a theoretical gain of about $3200 on a two-lot position.  The futures have traded down to 21.060 so far tonight, but they could go lower, since there’s an unfulfilled Hidden Pivot target at 21.005. If you had a piece of the short trade, you can risk five ticks bottom-fishing with a 21.010 bid, stop 20.985.