SIH12 – March Silver (Last:33.900)

March Silver (SIH12) price chart with targetsSilver’s choppy price action over the last three weeks has eaten way probably no more than half of the hefty supply deposited on the charts during the first half of November.  You can see how tired it looks, the moreso because the last few upthrusts have done nothing to refresh the bullish impulsiveness of the larger intradays. That would take a stab to 34.690 on the next effort, but failing that, the yellow warning flag is due to be unfurled. (Click here to learn more about the Hidden Pivot Method we used to forecast and trade futures and stocks.)