SIZ10 – December Silver (Last:23.680)

Silver has treated bears with such contempt lately that I’m not even going to bother putting out worst-case correction targets as I’ve done in gold.  Equivalent targets are in fact not there; moreover, the December contract was working on a bullish impulse leg Wednesday night with the potential to hit 25.440. First, however, a lesser (midpoint) Hidden Pivot resistance at 23.915 will need to be brutalized. And if the futures should achieve 24.510 today, creating a bullish impulse leg on the hourly chart, the bad guys had better step aside.