SIZ11 – December Silver (Last:34.030)

December Silver (SIZ11) price chart with targetsThe December contract ended the day with a downtrend in progress that projected to as low as 33.135 over the near term. However, the pattern was sufficiently clear to suggest that bottom-fishers would enjoy favorable at the 33.665 Hidden Pivot midpoint associated with that target  A stop-loss as tight as three ticks can be used there, but you’ll be on your own if the order fills. A decisive breach of this support would portend more slippage to the 33.135 ‘D’, at least.