SIH11 – March Silver (Last:29.040)

March Silver (SIH11) price chart with targetsAlthough Gold precisely reached a well-defined correction target earlier tonight, Silver has been reluctant to follow. The 28.615 pivot remains valid nonetheless, but bulls would take control if they can pop the futures above 29.645, equal to a small peak made Tuesday on the way down.  Odds of this occurring would have been better if the rally that apexed earlier that day had gone just an inch farther, exceeding  a small but important “look-to-the-left” peak  at 30.00.