SIZ10 – December Silver (Last:21.845)

December Silver (SIZ10) price chart with targetsSilver was looking too feisty Thursday night to fall to a midpoint support equivalent to one in December Gold where I’ve suggested bottom-fishing. The futures would take wing on a print at 21.915, presumably sending bears diving for cover. A print at that price would create a fresh impulse leg only on the very lesser charts, but it would also open up a path higher that is likely to offer little additional resistance below 22.100.  A well-advertised target of higher degree at 22.505 still looms, but if it’s easily breached the futures would be telegraphing a short-term finishing stroke to exactly 22.585.