Silver looks better than Gold at the moment, so let’s give it the benefit of the doubt as both metals struggle to recoup this week’s nasty losses.  In fact, for subtle reasons, the 120-minute chart is still bullishly impulsive despite the pounding the December contract has taken in the last two days. In this regard, there are two things to notice in the chart: 1) the pullback has not returned to the level of the one-off ‘A’, so the uptrend is intact; and 2) point ‘B’ was legitimately impulsive, having surpassed the prior ‘external’ peak by a small but crucial margin.  Bulls would be back on the offensive with a print today exceeding a 42.370 external peak recorded Tuesday on the way down.