Silver has looked pretty punk lately in comparison to gold, and unless it pops above the 20.290 ‘external’ peak shown, its next stop on the way down will be 19.655. The rally would have to be uncorrected once the initial peak at 20.185 is exceeded, but that shouldn’t be a problem, since the two peaks are so closely spaced. Buyers seeking a speculative handhold should look for ‘camouflage’ entry opportunities on the 15-minute chart or less. As we went to press, there was a potential buying set-up on the 5-minute chart, based on a=19.990 at 1:35 a.m. EDT.
