SIU11 – September Silver (Last:39.425)

September Silver (SIU11) price chart with targetsThe downtrend seemed to struggle late in the session in a so-far failed attempt to grope its way down to the 38.670 Hidden Pivot ‘d’ of the pattern shown. The picture lacks sufficient clarity to offer good odds for bottom-fishing at a ‘p’ midpoint or ‘d’ target, but we can still use 37.295 as a worst-case price objective for the near term. That number comes from taking the lower b-c pairing shown.  Alternatively, it would take a print today at 40.780 to turn the lesser charts bullish once again.