Silver has turned higher after having failed to achieve a crystal clear downside target at 15.485 last week. That’s encouraging, since whenever a corrective move falls shy of a D target, it implies that the larger uptrend — in this case one going back to January 2016 — is still dominant. The bullish significance of this would grow if the futures continue to exceed minor rally targets. At the moment, the nearest lies at 16.590, just three cents above Sunday evening’s so-far high. If the rally exceeds that number, and particularly if it surpasses an ‘external’ peak at 16.845 recorded May 3 on the way down in the process, beleaguered bulls will have something to cheer about. _______ UPDATE (May 15, 8:04 p.m. ET): Today’s strong upthrust easily surpassed the 16.590 resistance, although it fell just shy of icing the cake for bulls with a move above the 16.845 peak. I expect the correction off the intraday high to continue, and that’s why I’m recommending a ‘counterintuitive’ trade as sketched to subscribers seeking to get long. ______ UPDATE (May 16, 9:20 p.m.): Like Gold futures, July Silver did not defer to our niggardly bid before taking off this morning. Use the 17.070 target shown in the chart as a minimum upside objective for now. If it’s achieved, the futures would generate a fresh impulse leg on the hourly chart. Night owls can use a ‘mechanical’ buy signal at 16.830, stop 16.750, to get long, but I’ll recommend converting it to a ‘camouflage’ entry in order to cut the initial risk by as much as 90%. A pullback to the green line can be bought ‘mechanically,’ stop 16.595, straightaway with no tricks.  _______ UPDATE (May 17, 7:02): The mechanical buy signal noted above worked nicely, but because no subscribers reported doing the trade, I have not established a tracking position. Despite the very nasty swoon intraday from 17.035, just 3.5 cents from our target, it remains valid as a minimum upside objective for this move.