SIZ10 – December Silver (Last:27.685)

December Silver (SIZ10) price chart with targetsSilver and the E-Mini S&Ps look to be chained to each other, like Tony Curtis and Sidney Poitier in The Defiant Ones.  They both showed the same reluctance yesterday to fall to a Hidden Pivot target so obvious you can practically feel its magnetic pull when you look at the chart. (See for yourself, inset).  The 25.250 target remains valid nonetheless and can be bottom-fished with the tightest stop-loss, since the 26.715 midpoint has already been trashed.  Alternatively, bulls would be back in charge, at least for the near term, following a print at 28.200.  In fact, a close above that number would put a 29.880 rally target in play.