Silver demolished an important Hidden Pivot resistance at 24.01 with such force on Friday that we shouldn’t hesitate to consider far more ambitious targets. The one shown at 40.12 is not even the most optimistic on the horizon; that lies at 53.06, the target of a pattern begun from 8.77 more than 13 years ago. We’ll be better able to judge the power behind the move when we’ve seen how it interacts with the smaller ABCD’s 30.76 midpoint pivot. Another lies at 32.35, and it is likely to be even more challenging, since it is the midpoint pivot of the much larger pattern. The lower midpoint is not in play yet, since it will require a rally to the green line (x=26.09) to lock in the recent low at 21.41 as the pattern’s point ‘C’; however, the big pattern has already done so.  In any event, and as you can see, both patterns have very steep impulse legs pushing the rally. That is coiled power, and if it is unfelt now, it eventually will be.  It also portends bullish ‘mechanical’ set-ups throughout the bull market that are extremely likely to work. Stay tuned! ______ UPDATE (Jan 24, 8:40 p.m.): My extravagant rally targets (see above) tapped a gusher of bullish sentiment in the chat room today.  That’s all well and good, but please keep in mind that the March contract will need to get past November’s 24.58 peak and then some before we break out the bubbly. Last week’s exuberant, Hidden-Pivot-demolishing spike was a welcome and encouraging step in that direction, but no more. ______ UPDATE (Jan 26, 9:27 p.m.): The futures will fall to at least D=23.01 if the secondary support a 23.27 fails. Bottom-fish there only if you know what you’re doing. _______ UPDATE (Jan 27, 8:57 p.m.): Today’s downdraft did significant technical damage, since it exceeded no fewer than three prior lows, two of them external. A drop to D=22.01 looks imminent, but let’s see what develops over the next couple of days to be sure.