Less than a dollar of upside from here, to 39.455, would kayo two more external peaks, setting the stage for a push to at least 43.760. That’s the Hidden Pivot midpoint of the major pattern shown, and it is associated with a ‘D’ target at 55.17, implying new all-time highs for Silver. With the rally having gone this far, attracting more than its far share of bulls, trading “camouflage” patterns, even on the five-minute chart, is proving tricky. Since yesterday morning, several promising ABC patterns have gotten stopped out before the futures did what we should have expected them to do.
