Close, but no cigar. Like December Gold, silver futures narrowly failed to generate a robust bullish impulse leg on the intraday charts by exceeding a prior peak — in this case, one at 32.150. If they should do so now, it would be less supportive of the bullish argument than if buyers had managed this feat on the first try. If weakness re-emerges, the first place where we could look for a bullish reversal would be at 30.930, the midpoint Hidden Pivot of the pattern shown.
