Silver is under attack along with gold, and the best pattern we can find on the chaotic charts projects down to 39.330. The pattern in question has impressive symmetry between its kA and BC legs, as can be seen in the attachment. The Lindsay point (“X”) has not yet been reached, and traders should watch for a rally which pushes “C” higher, erases the symmetry, and moves the pivots. To buy the current midpoint of 40.570 would be to front-run the “B” low, which might work. The “D” target at 39.330 is well hidden and recommended for bottom-fishing. (Posted by Doug “harry” McLagan)
