SIH24 – February Silver (Last:24.11)

As Silver plummeted on Friday, few subscribers would have been focused on the green line, where the March contract will become an all-but-obligatory ‘mechanical’ buy. Such trades are not supposed to leave one feeling comfortable, and this one would surely qualify as menacing. Note, however, that the implication is not that the futures will necessarily  achieve D=27.16 after touching x=22.67, only that they are more like to bounce to p=24.16 than to fall first below C=21.17. We can manage the risk of this opportunity with a smidgen of ‘camouflage if it materializes’, so please nudge me in the chat room if you’re actively engaged. ______ UPDATE (Dec 13, 11:11 p.m.): No one nudged me, but DaBoyz goosed the March contract $1.34 off a 22.78 low that missed touching my green-line ‘launching pad’ by 12 cents. Our attention is now on this very tradable pattern, with a 25.47 D target. The slight overshoot of p=24.13 implies that D is no worse than an even bet to be reached.