SIZ10 – December Silver (Last:22.120)

Silver has bounced Sunday night from within a tick of the Hidden Pivot midpoint of a minor retracement pattern, reducing any chance night owls might have had of bottom-fishing the low of a correction. (December Gold never made it down to the equivalent midpoint; instead, it reversed from well above it for a so-far $2 rally.)  A camouflage entry may still be possible, but it would need to come from a set-up as subtle as you can find on the one-minute chart.  A 22.505 target that we’ve held in mind is still the most significant resistance immediately above, as well as our minimum rally objective for the intermediate term. ______ UPDATE (12:11 a.m. EDT): Silver has plummeted a dime after a false breakout to the upside. Because no follow-through leg developed after the breakout, we were not fooled.