SIH11 – March Silver (Last:28.345)

A bearish Hidden Pivot target at 26.895 is analogous to the one at 1313.10 given today for February Gold. Since the midpoint support at 28.370 has already been exceeded by a whopping 27 cents, the target must be considered an odds-on bet.  Since we never want to chisel these forecasts in stone, we should be prepared to turn bullish if the futures hit 29.910 over the next few days.  That’s a tick above a look-to-the-left peak recorded January 4 on the way down.