SIZ11 – December Silver (Last:30.460)

December Silver (SIZ11) price chart with targetsDecember Silver has hypothetically stopped out point ‘X’ longs on the pattern shown no fewer than four times, but it remains valid nonetheless — if not immiedately for trading purposes, then for analysis. Attempting the latter yields a 34.000 ‘D’ target and a 31.215 midpoint. It also legitimizes any entry you can find that is based on a subtle impulsive thrust from within the forest of otherwise undifferentiated bars that have sprouted since September 28. A bigger picture, also accessible in the chart shown, makes the look-to-the-left peak at 35.510 a key number for us, since any impulsive thrust that clears it will be a sign that bulls are ready to go marauding.