Silver did some of the same things that gold did on Tuesday and is in position to impulse higher toward a 43.060 target. Although silver failed to take out its Sunday night high, which gold was able to do, it bounced off of the analogous midpoint pivot as shown in the attached chart. Numerous prior highs are now very close by, and an impulsive move through them could easily get as far as the “D” target whose sibling midpoint blocked silver’s progress yesterday. The target at 43.060 is well hidden and could prove rewarding to a short-side scalp. (Posted by Doug “harry” McLagan)
