March Silver continued to forge higher on Tuesday, pausing exactly at a 17.635 target that I’d flagged in the chat room at 9:56, when the futures were trading 15 cents lower. When they subsequently corrected by 19 cents, I put out a second ‘buy’ signal tied to a nominally higher target at 17.645 that has yet to be reached. This contract has obviously been very cooperative in moving to Hidden Pivot targets lately.  As such, we should look for the next thrust to hit 17.735 (see inset), and thence 18.115 if any higher. The pattern shown can be used to generate ‘mechanical’ entry signals both from the long and short side. As always, and easy move through clear Hidden Pivot resistance will imply a continuation of the trend to the next. And to what heights, we might ask, if 18.115 is impaled? I’ll hold off on that target for now, since it seems a little too ambitious to me at the moment, and I don’t want to stir up the sort of bullishness that could turn subscribers incautious._______ UPDATE (Feb 2, 1:18 p.m.):  Silver looks slightly more feisty than gold, but I’ve revised the chart to show the pattern we should be using at the moment in any event. It provides a conservative assessment based on the last six bars while keeping us focused on a short-term outlook that will remain bullish unless the futures fall beneath 16.610.
_______ UPDATE (Feb 5, 1:55 p.m.): No change in my outlook.