Silver is holding up a little better than gold, undoubtedly because it has not been targeted for destruction with the vengefulness that central bankers and their bullion-banker chums reserve for the latter. Regarding my forecast, there is no change in the immediate outlook. A Hidden Pivot support at 30.520 remains my minimum downside target for the near term. As suggested here earlier, you can bottom-fish there either via camouflage or with the tightest stop-loss you can abide. Keep in mind that the 28.425 target of a larger pattern identified here a while back is still very much in play. _______ UPDATE (10:27 a.m. EDT): The midpoint support at 30.520 has been savaged — an event that occurred yesterday but which I somehow overlooked — so we can expect this onslaught of selling to continue to at least 28.425 before the futures gain traction. Camouflageurs can buy down there aggressively, but theoretical risk in any case should be held to $70 or less per contract.
