July Silver has been in a so-far moderate correction of a top two weeks ago at 26.43 that we had precisely anticipated for the May contract. The corrective reverse pattern that I’ve drawn is probably more bearish than what we’ll see, but it should still work for purposes of trading, forecasting and gauging trend strength. For now, you can use p=23.94 as a minimum downside objective. That Hidden Pivot support can be bottom-fished provided you are capable of limiting the risk tightly. A decisive penetration of p would shorten the odds of more weakness to D=21.46. _______ UPDATE (May 1, 10:03 a.m.): Scoundrels, lunatics and short-covering bears inadvertently teamed up before dawn to goose silver into a spasm that has turned the short-term picture bullish. The rally would become still moreso if and when it exceeds the 26.43 peak recorded on April 14. That would bring a 26.91 target into focus (60-min, A=24.26 on April 4).  _______ UPDATE (May 2, 7:38 a.m.): The futures just bounced from a voodoo number without having taken out the 24.735 ‘C’ low of the bullish pattern shown in the current chart. They will need to hit 25.12, however, to suggest the rally has sticking power, and 25.36 to get out of trouble. _______ UPDATE (May 2, 6:30 p.m.): The futures easily exceeded my benchmarks (see above), setting up a possible run at the 26.43 peak recorded on April 14.