SIU11 – September Silver (Last:40.800)

September Silver (SIU11) price chart with targetsMost immediately, there’s a 42.290 target that should be easily achieved now that the rally has begun a consolidation above its midpoint sibling, 40.665.  If the target is hit, that would refresh the bullish energy of the hourly chart by surpassing the look-to-the-left peak shown. It would also put into play a Hidden Pivot at 44.285 that is the D target of a larger pattern:  A=34.810 (July 12), B-40.880 (July 19).  Want to learn how to calculate these targets and use them to leverage trades yourself? Click here for details concerning the upcoming Hidden Pivot webinar.