SIN12 – July Silver (Last:27.985)

July Silver (SIN12) price chart with targetsAfter staring into the abyss earlier this week, Silver has pivoted and turned higher, etching fresh impulse legs on the lesser charts with each new minor thrust. This is a healthy sign, but a demonstration of real vigor would require a push today exceeding the two peaks I’ve labeled in the chart. So far, as of around 2:33 a.m. EDT, the futures were stalled two cents shy of the 28.190 Hidden Pivot midpoint of the pattern shown. A move through it would portend more upside to its ‘D’ sibling, 28.595. Want to learn how to do this stuff yourself? Click here for information about the upcoming Hidden Pivot Webinar on June 6-7.