SIN12 – July Silver (Last:30.095)

July Silver (SIN12) price chart with targetsToday’s commentary references a worst-case target of 28.810, but you could attempt bottom-fishing at 29.860, the Hidden Pivot midpoint of the pattern shown.  If weakness pushes the futures below that support, though, they’d probably fall to at least 29.480 in search of traction.  That’s the ‘D’ target of a larger pattern, nicely visible on the 5-minute chart, where A=31.365 on 5/1 and B= 30.410 on 5/2. Notice as well that there are numerous subtle handholds for catching a ride north via camouflage. Rather be a trader than a lurker? Click here and we’ll show you  how.