SIN12 – July Silver (Last:28.650)

July Silver (SIN12) price chart with targetsLike Gold futures, July Silver was breathing hard Sunday night after failing to reach the ‘D’ target of a minor pattern.  In this case, though, there was an excuse — that just above the so far high lies a daunting peak to the left at 29.100. Rather than speculate as to what may occur next, will let this vehicle do the talking. If it’s sufficiently rested for a push toward $30, buyers should be able to get past peak #1 (i.e., 29.100) today with little trouble.