Silver continues to screw the pooch, ending Wednesday’s session approximately where it was trading two weeks ago. As noted here yesterday, it would take an upthrust to 29.005 for bulls to break the stalemate. Alternatively, a bout of weakness would only have to hit 26.195 to put into play an old target at 20.370. That’s the ‘D’ target of the big pattern shown, and a potentially last-gasp rally to the 28.985 midpoint pivot with which it is associated should be used by camouflageurs as an opportunity to get short, provided entry risk can be held to a theoretical $70 per contract.
