SIN11 – July Silver (Last:37.530)

July Silver (SIN11) price chart with targetsSilver is trading exactly where it was five weeks ago when the selling dried up to end early May’s power dive.  On the hourly chart each and every rally of consequence has died just shy of surpassing an important peak to the left of it. Not that it would take much to re-energize the long-term bull. From a Hidden Pivot perspective, the key high needing to be exceeded is the tiny and obscure look-to-the-lefter at 39.955 recorded on May 4. I’ve set an alert there, and would suggest that you do the same, to wake us when this modest feat has been accomplished. Until then, the tedious standoff will continue.