SIH11 – March Silver (Last:28.655)

March Silver (SIH11) price chart with targetsThe futures remain on track for a blast to 30.465, a Hidden Pivot target flagged here earlier.  First, however, they’ll need to tackle the multi-decade high at 29.405 recorded on November 9.  It lies just 53 cents above yesterday’s peak — a distance that shouldn’t tax bulls too heavily if they’re in a buying mood. As of around 11 p.m. ET, they were building a moderate, 15-degree slope that would not much worry the bad guys. However, with just a weak thrust to 28.765 —  seven cents above the night’s so-far high — buyers would be threatening a rout, since that would surpass a look-to-the-left external peak not far below the big one at 29.405.