SIK12 – May Silver (Last:33.400)

May Silver (SIK12) price chart with targetsThe bearish target at 31.230 (see inset) will become our minimum downside objective if and when its p sibling at 32.835 fails as support.  The latter number will nonetheless be an appealing place for aggressive bottom-fishing, provided traders can limit entry risk per contract to no more than $70  theoretical.