I’ve identified an important midpoint support in Gold, but the picture looks slightly different in Silver because the pattern I’ve used to project a target starts with a rather well-defined one-off point ‘A’ (see chart).  One target or the other is likely to prove correct, but it is a bearish sign that Silver’s 28.565 midpoint has already been exceeded (albeit by just four cents so far). Please note that a close beneath the support would portend more weakness over the near term to as low as 27.285.  Alternatively, it would take an upthrust to 29.910 to turn the intraday charts bullish. _______ UPDATE (11:23 a.m. ET):  The selloff has continued, overrunning the midpoint support. Expect it to continue down to at least 27.285, or to a maximum 26.895 if any lower. The midpoint associated with that last number is 28.370, so a rally to it should be viewed as a belated opportunity to get short via camouflage.