SIK12 – May Silver (Last:36.980)

May Silver (SIK12) price chart with targetsSilver looks beautiful, having leveraged the consolidation pattern noted here yesterday to launch a mini moon-shot. Beware of a possible stall at 37.760, however, since that is the clear Hidden Pivot target of the pattern shown. There’s no telling how bulls will handle this resistance point, but the reaction could be brutal.  If, on the other hand, they simply blow past it, $40+  should not be long in coming.