The chart (see inset) is equivalent to the one accompanying today’s gold tout, which saw no threat in yesterday’s mild selloff, only petty annoyance. Like December Gold, September Silver spent Thursday playing games with a minor midpoint support that is as yet unbroken. As is the case with gold, however, a decisive breach of the 23.748 pivot would portend a likely drop to as low as 23.080 over the near term.
