Silver futures sold off hard Wednesday after peaking around mid-session, but not before generating the most promising bullish impulse leg that we’ve seen in a long while. Notice in the chart that the modest rally, which lasted for just a couple of hours, exceeded two prior peaks stretching all the way back to mid-November. This implies that there’s some real power pushing silver higher, notwithstanding the whipsaw price action that concluded the day. It also implies that any weakness in the days or even weeks ahead is corrective and therefore a potential buying opportunity.  We’ll be looking to use the lows labeled in green to create trade set-ups that can significantly reduce entry risk. Stay tuned to the chat room for further guidance in real time. If you don’t subscribe, click here for instant access and a free two-week trial to the room, to Rick’s daily trading ‘touts’, and to all features of the service. _______ UPDATE (Jan 19, 10:05 p.m.): Late this evening, the futures were scaling the wall they created earlier in the day one craggy handhold at a time.  The effort has produced a bullish impulse leg on the lesser charts that should be good for another four cents of upside to a minor target at 17.100. Once above it they’ll be an even-odds bet to hit 17.175. However, if they can close above that number to end the week, we might look forward to more of the same when trading resumes Sunday night. _______ UPDATE (Jan 21, 1:55 p.m.): The active rally pattern, with a minor target at 17.505, is shown here. Friday’s push through the red line, a midpoint Hidden Pivot, should suffice to power this vehicle to at least 17.505 Sunday night or Monday. A move through that resistance, especially if it takes out the two external peaks from, respectively, Nov 13 and 14, would be very bullish.