SIN14 – July Silver (Last:19.040)

By slipping below an important midpoint-pivot support at 19.133 this week, the futures have signaled more weakness over the near term to at least 18.260, the Hidden Pivot target of the pattern shown. This forecast is not chiseled in stone, but if bulls are going to turn things around they’ll need to muster a push exceeding 19.175 today or tomorrow to get it rolling.