SIU23 – September Silver (Last:25.00)

Silver will not be able to avoid telling us what is on its tiny, fevered brain when it connects soon with the red line, a midpoint Hidden Pivot resistance at 25.45.  If buyers pulverize it, that would shorten the odds of a further move to as high as 28.56, that pattern’s D target. There will likely be good opportunities to trade with and against the trend on the way up, so if you trade this vehicle or an ETF equivalent, stay closely tuned to my tout updates and the chat room. _______ UPDATE (Jul 19, 11:55 p.m.): A reverse-pattern short from the red line could have produced a quick profit of as much as $1100 per contract (60-min, a=25.30 at 6:00 a.m.). The fact that the futures ended the day above our ‘c’ plant says they are going higher. _______ UPDATE (Jul 21, 12:15 a.m.): Thursday’s fright-wig selloff may be the start of the real thing, since it generated a persuasive impulse leg on the hourly chart.