Silver will need more rest after topping pennies from an important Hidden Pivot target at 26.20 target that I’d drum-rolled for the May contract. The corrective target at 24.80 shown may prove to be optimistic, but there’s no harm in using it analytically, since its ability to contain sellers can tell us how much power is behind the downtrend. It has worked already for initiating a ‘mechanical’ short at the green line, and it can also be used to bottom-fish. Caution is advised, however, since the ‘B’ low of the pattern ‘sausaged out’ when it narrowly failed to impulse beneath the April 6 low at 24.91. ______ UPDATE (Apr 23, 6:00 p.m.): The 24.80 target worked nicely, getting within 7 cents of the low of a so-far 61-cent bounce. It seems likely to continue because the bounce overshot the ‘d’ target of a minor reverse pattern.