There are numerous ways to target this downtrend on the lesser charts, but 38.490 looks like the first place we should look for a tradable bounce. Any lower, though, will bring into play the two numbers flagged in today’s commentary — 37.165 and 35.390 — as well as a Hidden Pivot hitherto unnoted at 35.415.  It is the target of the pattern shown. Bottom-fishing at any of these pivots will be relatively risky, but they will retain the ability to warn of further weakness nonetheless. _____ UPDATE (3:39 p.m. EDT): Wow. Silver has collapsed 30% with barely a blip.  A tad overdone, I’d say. The March low at 33.615 is now the key support, the correction having already exceeded 0.618 of the rally from late January’s 26.45 low.  A breach of 33.615 would create a bearish impulse leg of daily-chart degree, but it would take a strong rally and then a resumption of the downtrend to create the low-risk buying opportunity we await.