SIU11 – September Silver (Last:39.035)

September Silver (SIU11) price chart with targetsSellers failed to push the futures through the required second prior low to create a bearish impulse leg on the daily chart, but they could still do so today, so we’ll reserve judgment. please note as well in the accompanying chart that a Midpoint Pivot at 33.705 looks mildly compelling as a minimum downside target if the selling gains momentum.