Silver’s stall occurred 18 cents below the 37.760 pivot where I’d implied it would have been technically logical, so we should treat this decline with caution and respect. The impulsive damage may have been faint on the larger intraday charts (see inset), but the bull’s ongoing health will not be corroborated until such time as yesterday’s plunge has traced out an ABC corrective pattern with a p midpoint. That number will become our focus, since any slippage beneath it would diminish the bullish case for the intermediate term. In fact, it would bring into play the 30.270 midpoint support of the large pattern shown.
