No change. Silver continues to hang on for dear life, and it would take quite an upthrust to ameliorate its immediate distress. Specifically, the futures would need to pop above prior peaks at 36.770 and 37.860 without taking a breather to turn the daily chart bullish. Alternatively, the big picture would take a significant turn for the worse on a printdown to 31.775 — $1.635 beneath the June 27 low. That would create a new, bearish impulse leg on the daily chart and set up a test of a major midpoint support at 31.205.
