Silver’s ratcheting descent has come to seem almost inevitable from one day to the next. We should assume it will continue to the 19.165 target, at least, or to 19.100 if any lower. If you are inclined to short each lurching step, I’d suggest using a mechanical stop-loss on entry. This implies shorting the tops of minor, upward corrections, and then using a stop-loss equal to a third of what you stand to gain if the futures continue lower to the target.
