SIZ13 – December Silver (Last:21.460)

The decisive breach yesterday of a compelling midpoint support at 21.568 (see inset) implies that the futures will now fall to at least 20.645 in search of traction. The selloff also took out last Friday’s 21.420 low, and although it’s an important and obvious one, there may be enough subtlety in the retracement to set up an attractive ‘camo’ short. For its part, December Gold was meandering early Wednesday morning –too feeble, perhaps, to resist the downward pull of this vehicle.