Short covering on Powell’s speech ripped through midpoint resistance at 23.83 with such force that there can be little doubt the 24.35 target will be reached. A swoon to the green line (23.56), however unlikely, can be bought ‘mechanically’, provided the futures have traded no higher than  24.20 first. A red-line bid would be expert play, but I’ll leave it up to you — and an extra note  of caution if it triggers Sunday night. As always, a decisive move past D would imply a larger uptrend is at work with a correspondingly higher target. ______ UPDATE (Sep 1, 7:27 p..m): I’ll go about three inches out on a limb with a prediction that December Silver will achieve the 24.70 target of this pattern sometime soon. It hasn’t quite reached the 24.35 bigger-picture target of the pattern  referenced above, but it has nonetheless pushed past the midpoint Hidden Pivot of a lesser one, This is mildly bullish, as the chart tries to make clear. ______ UPDATE (Sep 2, 11:23 p.m.): So much for giving silver the slight benefit of the doubt. After penetrating ‘p’ to the upside, the December contract scuddled sideways for a while and then dove on the opening. It did not penetrate the ‘C’ low of the bullish pattern, but it did trigger a ‘mechanical’ buy at x=24.00 that I had not recommended; nor will I ahead of a three-day weekend.