SIZ10 – December Silver (Last:23.770)

December Silver (SIZ10) price chart with targetsIt’s all been downhill following an early-evening rally spike that extended Tuesday’s regular-session gains.  Unfortunately, the thrust died just short of some small peaks recorded early last week on the way down, thereby denying bulls the minor impulse leg that would have kept the rally going.  To avoid taking any unwarranted encouragement, we’ll set a benchmark for today at 24.410, a tick above the peak shown in the chart.  Otherwise, the December contract would have to fall all the way to 22.345 today to hint of real trouble.