SIN11 – July Silver (Last:35.570)

July Silver (SIN11) price chart with targetsYesterday’s high failed by two cents to surpass a distinctive peak on the hourly chart at 35.995, hinting of more tedium in the days ahead.  We’ll raise the bullish threshold a tad today, to  36.355 (see inset), to alert us to a potentially bullish tone change, but it will be of greater use to day traders than to those who would surf the bigger trends.