SIZ11 – December Silver (Last:42.285)

December Silver (SIZ11) price chart with targetsThe  rally died well shy of the 42.645 midpoint pivot shown, but assuming it is surmounted today, the futures should be presumed bound for at least 43.190, its ‘D’ sibling. A nagging concern, however — one that could dampen buying for the next several days — is the narrow failure of yesterday’s thrust to exceed an obvious external peak on the lesser charts at 42.735.  Another penny-and-a-half would have done the trick, but the fact that buyers chickened out is not encouraging.  Night owls can nevertheless try bottom-fishing with a ‘camo’ bid tied to the midpoint support shown at 41.255.