SIH12 – March Silver (Last:32.455)

March Silver (SIH12) price chart with targetsSilver’s curiously steep trajectory on Friday pushed it past a few minor Hidden Pivots, but even if the forces driving the move were anomalous  — a short-covering liquidation, for example — they seemed powerful enough to get the March contract to December 2’s key high at 33.740.  The bad guys would have no place to hide if that number is surpassed, but even before they panic, camouflageurs should prepare to leverage a B-C pullback from above the secondary peak at 33.300 shown in the chart. Any entry opportunities thereof would come, not from subtleties that only we understand, but from trading reflexes quick enough to catch a fleeting buy-stop at X.  Want to learn how to forecast and trade like a pro?  Click here for a free trial subscription to Rick’s Picks.