SIK12 – May Silver (Last:30.975)

May Silver (SIK12) price chart with targetsSilver’s rally from last week’s low has been tentative so far, although its heart would appear to be in the right place because the move began from within three ticks of a 29.940 Hidden Pivot target pre-advertised here. What it needs now is an unpaused thrust that takes out the two labeled peaks, since that would generate a bullish impulse leg of daily-chart degree. Using the far less ambitious standard of the 15-minute chart, buyers would still need to push this vehicle above 31.215 today to generate even a faint spark.