SIH12 – March Silver (Last:32.025)

March Silver (SIH12) price chart with targetsA bearish target at 28.425 is equivalent to one at 28.385 that I broached a while back as a high-probability number for the December contract.  While there are no bearish forecasts that cannot be negated by a rally, in this case the required thrust would have to hit 36.655 (!) to kayo bears.  However, a much subtler sign of a bullish turn would be evinced by a decisive push through the 33.135 midpoint of the pattern shown.  If you’re keen on catching the rally, that would be a good place to look for “camouflage.”