I’ve suggested using the uptrend to get long via camouflage in June Gold, but because Silver’s trajectory looks harder to leverage, I’ll recommend bottom-fishing two contracts at the 31.665 midpoint support shown. (Note: This could change if ‘C’ goes higher.) A three-tick stop-loss would keep theoretical risk close to our allowable limit on entry of $70 per contract, and while this might be cutting it too close, a ‘camo’ entry here would not be able to do much better. _______ UPDATE (12:33 a.m. EDT): Sellers ignored the support, stopping out our position for a loss of $75 per contract. The easy move through ‘p’ telegraphed the weakness that was to follow.
