The spike that capped the recent rally narrowly failed to surpass an ‘external’ peak at 24.05 recorded a month earlier. It was not all we might have hoped for. But there was more resistance than appeared, including a second, very sharp peak that caught bulls off guard before crushing them in a two-day cascade.  Now, looking on the bright side, with gold promising to drag silver higher, we should expect this pullback to give way to an exuberant thrust that clears not just the prior peaks, but also a midpoint Hidden Pivot resistance at 24.02. Once the December contract is above them, we’ll be able to trade ’em up as bulls cruise to at least p2=25.60.