SIH11 – March Silver (Last:29.150)

A print today at 29.650 would perk up the hourly chart, but failing that, we could consider bottom-fishing at 28.940 if the futures fall moderately. If a tight stop-loss on that trade were to get hit, it could portend more downside to 28.280, a Hidden Pivot; or perhaps to 28.170, where a trendline shown here yesterday comes in. _______ UPDATE (10:43 a.m. ET):  The futures bottomed at 28.945, a single tick from my target.  If you got on board at the low, partial profit-taking is in order, since the powerful bounce has amounted to 24 cents as of this moment. Officially we hold no position, since the one-tick miss was as good as a mile.