SIH12 – March Silver (Last:33.065)

March Silver (SIH12) price chart with targetsSo far so good. Actually, yesterday’s thrust was even more promising than it may have looked, since it cleared the external peak shown by one crucial dime. This is bullishly impulsive — but also a possible camouflage entry set-up, since the peak failed to exceed the marquee high at 33.740 that most other traders will be focusing on.  Traders should wait for a legit B-C pullback to develop before initiating a buy-stop on a chart of (much) lesser degree.