Unlike Gold, December Silver eked out a bullish impulse leg on the hourly chat with yesterday’s strong rebound. Because the high of the move did not break out above a series of peaks recorded over the last two weeks, it should be regarded as the opportune point ‘B’ of a tradable rally pattern. It may take a couple of point ‘C’ lows before the futures embark on a sustained follow-through leg, however, and traders should therefore use camouflage to initiate a buy. An alternative would be to simply wait for a second point ‘C’ to form before you pounce, but this approach would risk missing the trade if Silver takes off without a protracted consolidation. _______ UPDATE (October 4, 2:20 a.m. EDT):  Subscribers tuned to the chat room around mid-day could have caught a short, profitable ride using the price coordinates I posted at that time.  The futures hit a minor target then stalled out, leaving a moderately bullish picture when the day ended. Immediate upside potential is to 22.450, the D target associated with A=21.035 at 4 a.m. on 10/2, so your bias should be bullish at the outset. ________ UPDATE (October 8, 12:36 a.m. EDT): Yesterday’s blast overshot my target by nearly a nickel, implying that higher prices are on the way.  Based on price action at the midpoint resistance, you should regard the 22.765 target shown (a new one, along with a new chart) not only as a minimum price objective for the near term, but one that is extremely likely to be reached.