A moderate rally Thursday night from the day’s lows was taking some of the sting out of the selloff. As of around 9:10 p.m., the bad guys appeared intent on preventing the futures from popping above a small peak at 35.470 made on the way down. If they fail, night owls should not be shy about using this impulsive breakout to leverage a bull trade that would carry little theoretical risk.  _______  UPDATE (1:45 a.m. EST):  A poke a penny above 35.470 created a potential ‘B’ and an impulse leg, but the subsequent pullback wasted the pattern by pulling back to exceed ‘C’.  Also negated for the same reason was a bigger pattern (15m) with an ‘A’ low at 34.770.  Silver seems to be resting, not quite ready to fly.  In any event, it would now take a thrust to 35.775 to re-energized the 15-minute chart, since that’s where the first ‘unspent’ external peak lies.