Silver’s chart is pulsating with bullish possibilities well above the 28.945 target we’ve been using for the last couple of weeks. The target comes from a ‘reverse ABC’ pattern that began with a 24.85 low recorded on January 27. I’ve added a much larger pattern begun last June from 18.04 that yields a far more ambitious target at 35.02(!) Although an ascent to this number cannot yet be ‘guaranteed’, it is encouraging that the futures are approaching the 28.62 midpoint Hidden Pivot where ‘mechanical’ buyers at x=25.42 on March 4 would be able to book a solid partial profit. _______ UPDATE (May 12, 11:20 p.m.): The fraudsters may be able to hold silver down for a little while and even pummel it on some days, but whom do they think they’re fooling? Certainly not us.
SIN21 – July Silver (Last:27.15)