SIN11 – July Silver (Last:36.690)

July Silver (SIN11) price chart with targetsThe futures looked bound for a corrective low at 35.780 when the day ended, but that target would be negated by just a little push Wednesday night exceeding the 36.965 point ‘C’ shown. Looking at a somewhat bigger picture, it will require nothing less than a rally to 38.435 to turn the hourly chart unambiguously bullish.  If ‘C’ has not been exceeded, the 35.780 support can be bottom-fished with a stop-loss as tight as three ticks.