SIZ11 – December Silver (Last:30.990)

December Silver (SIZ11) price chart with targetsSilver has done tonight what Gold so far has not — i.e., popped through an external peak on the hourly chart. This could help give buyers legs, but to be sure, night owls should pay close attention to the minor abc pattern developing at the right-hand edge of the chart.  If the first point ‘C’ gets stopped out and the futures fail to reach ‘p’ on a second thrust, that would be a negative sign for the near term.  Camouflage will be tricky in any case, since the futures have been rallying more or less continuously since morning.  Note in the chart that the most immediate Hidden Pivot target of significance lies at 31.940.