SIK11 – May Silver (Last:42.240)

May Silver (SIK11) price chart with targetsSilver ripped the bad guys a new orifice yesterday, embarking on a wilding spree that looked likely to achieve a minimum 43.61 over the near term.  I gave the coordinates for this target in an update yesterday, but today I’ve included the actual chart.  You can judge for yourself how compelling the target looks, but to my eye it can’t miss. An added plus was that the buying was continuing Thursday night, keeping the futures well aloft of the 41.660 midpoint resistance — now support — associated with the target.