DaBoyz may have trouble restraining Silver for yet another day, since there are two robust impulse legs at work that both want to push the September contract above the nettlesome, 36.785 high recorded on June 22. The smaller of the two patterns (60m, A=35.065 on July 5 at 4 a.m. EDT, and B=36.300 on July 7 at 2 a.m.) projects to 36.395, but a close above that last number would make the 36.970 target of the larger pattern an even money bet for early next week. _______ UPDATE (11:33 a.m. EDT): Silver is being toyed with, but not by anyone who will be able to hold it down next week. The apex of today’s fleeting surge occurred between my targets, eight cents short of the higher one. It remains valid nonetheless, but it will not be easily tradable.
