The modest promise of the short-term chart displayed here the other day has given way to a more tired reality, and so it’s appropriate to look at a bigger picture that shows what has been weighing Silver down. Notice that yesterday’s swoon breached the midpoint support of a very clear bearish pattern that projects to at least 32.115. That Hidden Pivot is my minimum downside projection for the near term, and because it closely coincides with a low recorded in mid-November, you’ll need to use ‘camouflage’ if you attempt bottom-fishing there, as I am suggesting.
