SIH11 – March Silver (Last:29.595)

Silver is tracing out a moderate correction Monday night that is nearly identical to the one in February Gold. It could conceivably yield the same bottom-fishing opportunity at a ‘p’ midpoint support, although, as is the case with Gold, the pattern has yet to develop fully. ______ UPDATE (9:356 a.m. ET):  Silver has bottomed this morning a single tick from a Hidden Pivot target at 30.110. It can be found using yesterday’s 31.275 high as point ‘A’. _______ FURTHER UPDATE (1:41 p.m. ET):  Silver has breached every minor Hidden Pivot support one could have identified this morning, although most of the pivots evinced a bounce.  One is under way now — from within two ticks of the 29.335 target of this pattern on the 15m chart: A=31.150, B=30.115, C=30.370.  If you do any bottom-fishing, camouflage entry (i.e., with the nascent uptrend) is suggested.