SIZ11 – December Silver (Last:34.245)

December Silver (SIZ11) price chart with targetsAs is the case with December Gold, the vicious selloff in this vehicle tonight is not quite as bearish as Friday’s rally was bullish.  The bad guys could still take charge by pushing the futures beneath a 32.05 ‘external’ low recorded on 10/25, but there’s no reason to give them the benefit of the doubt before they have done so. Alternatively, bulls would be back on the attack with a print exceeding the 35.365 midpoint resistance of the pattern shown. if that were to occur, we should infer more upside is likely to at least 36.640, its ‘D’ sibling.