SIZ10 – December Silver (Last:23.230)

December Silver (SIZ10) price chart with targetsA projection of 25.35 is possible using the somewhat unconventional pattern shown in the chart, but more immediately we should concern ourselves with the 23.210 midpoint resistance of a lesser pattern.  Although the futures have already drilled a big hole in it, we should like to see them close for two consecutive days above it before inferring that a move is under way to its ‘D’ sibling at 24.070.  Alternatively, minor dyspepsia would be signaled on a print today at 22.885, where a bearish impulse leg would become manifest on the 5- minute chart.