I’m using a modest rally target for now because the impulse leg shown in the chart is suspect, having failed to exceed the ‘external’ peak at 28.790. Bulls should have little trouble achieving D=28.925 nonetheless, but this Hidden Pivot resistance should not be considered reliable for getting short with the usual precision if at all. Assuming the futures push past it as I expect, the 30.670 target shown in this chart would be in play. In the unlikely event that the futures pull back first to the green line (x=25.518), that would trip a ‘mechanical’ buy, stop 23.795. Otherwise, we’ll look for entry set-ups in charts of lesser degree as the December contract makes its way higher.
SIZ20 – December Silver (Last:28.430)
