SIZ23 – December Silver (Last:21.723)

Silver did some agonized basing last week, all of it beneath a Hidden Pivot ‘D’ support at 21.38.   Too late and too deep to save the day?  We’ll give the rally a week to develop and the temporary benefit of the doubt, but it would need to push above Sep 29’s spike high at 23.80 to even hint that bulls may have regained the momentum of 2020. A monthly close above 26.67 would likely clinch it, however, since that’s a key ‘midpoint resistance on the weekly chart (A=11.640 in March 2020.)