SIH23 – March Silver (Last:23.72)

I’ve altered the view somewhat, lowering point A’ and its target to make the chart seem less discouraging. Previously, there was an unachieved rally target at 24.95 that stayed perpetually out of reach despite gold’s having achieved a corresponding target.  The justification is that Silver is in a bull market, which implies that the two-month struggle to achieve D has been accumulation rather than distribution.  Even so, March Silver may have to fall out of its tedious range to get a running start on a new recovery high. In the meantime, it remains untradeable, other than by those who enjoy hunkering down on the 15-minute chart for days on end.