SIZ11 – December Silver (Last:35.325)

December Silver (SIZ11) price chart with targetsShortly before 4 a.m., the futures had exceeded our 34.935 ‘D’ target, a Hidden Pivot, by 77 cents, and gone on to exceed yet another at 35.655 by five cents.  This is healthy action and suggests it is Silver that will pull Gold higher today, rather than the other way around. There is but one rally target left that we can extract from the hourly chart — 36.885, a Hidden Pivot whose pedigree is shown in the inset.  We’ll use it as a minimum upside projection for now while noting that it would take a downdraft today to 35.055 to even hint of trouble for the short-term.