SIN21 – July Silver (Last:27.48)

A Hidden Pivot at 31.51 has served as our minimum upside target for the intermediate term, with a larger-degree target at 35.02 looming above it. Since July Silver has been too strong to swoon to a ‘mechanical’ bid on the bigger charts, here’s a smaller one that projects to 29.25 that you can use to get long ‘mechanically’.  The futures already tripped a buy related to this pattern when they pulled back to the green line (27.76) last week, but they would do so again by retracing to p=28.25 after trading up into the range 28.75 – 28.85. _______ UPDATE (June 1, 2:50 p.m.): Anyone aboard?  The trade did not trigger in the way I’d described, but if you did it anyway, use a 27.91 stop and a 29.24 target.  ______ UPDATE (June 1, 10:43 p.m.): The trade was stopped out, but a second trade that is more appealing would trigger at x=27.76 (shown in this chart).  Initial risk on four contracts would be $10,000, so the trade is recommended only to subscribers who either know how to cut that down to $2,000 or less using ‘camouflage’ or an ‘rabc’ entry trigger; or to those who have made significantly more than $10,000 from my previous recommendations in silver/gold futures. _______ UPDATE (Jun 2, 8:28 a.m.): The overnight low occurred at x=27.765 exactly, triggering the trade. The futures have since bounced as high as 28.07, generating a paper profit of a little more than $6000 on four contracts. Exit half of the position now. ______ UPDATE (Jun 2, 11:29 p.m.): Several subscribers reported doing the trade, which is currently showing a theoretical profit of about $2800 per contract with July Silver at 28.330.  With a perfectly timed entry to fill your sails, you’re on you’re own now, shooting for the 29.24 target noted above with what remains of your position. ______ UPDATE (Jun 3, 1038 a.m.): A wholly gratuitous, $1.20 dive, engineered by DaBoyz with meaningless unemployment data, has negated the bullish pattern and its 29.24 target.  Rest assured, bulls will soon be back.  _______ UPDATE (Jun4 3, 9:34 p.m.): Silver has bounced more robustly than gold following today’s ambush, but the July contract will still need to push decisively past the 28.08 midpoint resistance shown in this chart to reinvigorate the bull trend. Alternatively, if  the futures dip beneath the 26.78 low recorded on 5/13, we can use the low as point ‘a’ of a bullish rabc pattern to set up buy triggers on the way back up.