SIN11 – July Silver (Last:36.465)

July Silver (SIN11) price chart with targetsYesterday’s constructive price action warrants raising the minimum upside target for the near term by six cents, to 36.535.  Night owls should look for camouflaged buying opportunities on a pullback to the 35.895 midpoint resistance, which is now hidden support.  Please note that a rally achieving the target would surpass two ‘external’ peaks along the wall of the June 10-13 selloff, presumably breathing new life into the bull trend. _______ UPDATE (10:55 a.m. EDT) ): The pattern played out almost precisely as shown, reaching a so-far high today of 36.530.  The final pullback overnight before the futures took off was to 35.975, however, making it more difficult to attempt camouflage by-the-numbers.