SIZ11 – December Silver (Last:34.280)

December Silver (SIZ11) price chart with targetsBig-picture rally targets at 36.450 and 37.870 remain valid, but more immediately, we should focus on the 35.440 target of the pattern shown.  The futures have been struggling with its midpoint sibling at 34.625 since Friday, and although they traded briefly higher than that as the week drew to a close, the resistance was impeding buyers late Sunday night. There was a potential camouflage entry opportunity developing nonetheless that is also shown in the chart. If it hits ‘x’ after creating a single-bar ‘C’ on the 15-minute chart, my advice is to buy-stop your way aboard and take half the position off at the p midpoint. ______ UPDATE (10:59 a.m. EST):  Close but no cigar. The futures shot up to 34.535 overnight, but it was off a double-bar point ‘C’ that was best avoided by camouflageurs.  For now, the midpoint resistance at 34.625 remains the number for bulls to beat.