While gold was busy boring us to tears yesterday, Silver did its lovely thing, butt-ramming some bad guys who were attempting to sit on the futures all day. In the process, the May contract spiked through the key peak at 38.180 that I’d mentioned here earlier, recharging the bullish impulse for another upthrust yet to come. An important target at 41.275 remains my minimum upside objective for the next 8-10 days, but more immediately we should look for a continuation of the uptrend to at least 38.855, a Hidden Pivot target of the ABC pattern shown in the chart that is just inches above yesterday’s high.
