SIU11 – September Silver (Last:40.600)

September Silver (SIU11) price chart with targetsA 42.475 rally target identified in an update here yesterday remains as compelling as ever, so continue to use it as a minimum upside objective for the near term. Its sibling midpoint lies at 40.180, so a pullback to that price should be regarded as a gift, especially by camouflageurs alert to the turn.  Above the target, the key Hidden Pivot lies at 43.760, the midpoint resistance of a major bullish pattern whose starting point was 26.710 on January 28. Since a stall at the number seems likely, the yellow flag will be out above 42.475.