SIU11 – September Silver (Last:36.300)

September Silver (SIU11) price chart with targetsLast Friday’s token breach of a significant peak recorded two weeks earlier was the most encouraging sign Silver has generated in more than a month. It created a bullish impulse leg on charts of higher degree, setting the stage for a push this week to as high as 38.290. That Hidden Pivot target is shown in the chart, and the likelihood it will be achieved soon will grow if and when its sibling midpoint, a midpoint resistance at 36.550 that lies ten cents above yesterday’s peak, is exceeded.