SIU11 – September Silver (Last:42.930)

September Silver (SIU11) price chart with targetsA 44.510 rally target first broached here when the futures were trading more than 10 percent lower looks like it’s a lead-pipe cinch, given the ease with which the futures have been chomping through lesser Hidden Pivot resistances in the rally cycle begun August 9 from 37.025.  I’ve reproduced an hourly chart alongside that shows how compelling the target is.  You should allow for additional upside to 45.850 if 44.510 is decisively breached. That target can be found simply by sliding down to the lower ‘A’ at 33.470 shown in the chart.