May Silver did everything we could have asked of it and more yesterday, blowing past a series of peaks from the last few days, but also muscling its way past one more external peak “along the wall” for good measure. The rally is a bit steep for us to presume that entry via camouflage will be easy, but the conditions are right for attempting it via a “timed buy-stop”. Essentially, this means getting long at the ‘X’ trigger, but sticking with the position only if it is in-the-black after perhaps 30-45 seconds. The accompanying chart is meant to instruct, but also to inspire. ______ UPDATE (2:09 p.m. EDT): Silver has fallen hard, giving up all of yesterday’s gains and more, and bringing into focus a 29.355 downside target (daily chart, A=37.580 on February 29 and B=32.490).
