A short from the red line (p=25.45) could have been worth as much as $14,000 by week’s end on four contracts, although no one mentioned having done the trade, so I didn’t track it. Now, draw a reverse pattern on the weekly chart using A=24.83 on 6/9, and you’ll see why p=24.228 can be used as a minimum downside projection for the near term (and 22.98 as a worst case). It can also be used to bottom-fish with a ‘reverse-pattern’ trigger. If silver surprises and closes above last week’s 24.47 high, that would put the 28.56 target in play. _____  UPDATE (Jul 27, 7:20 p.m.): Silver did in fact plunge today to within an inch of the 24.22 midpoint Hidden Pivot where I’d suggested bottom-fishing (see above), but I won’t provide tracking guidance unless I hear from at least two subscribers who traded on my guidance.