$SIZ25 – December Silver (Last:50.240)

I’ve shifted to a bigger picture that aligns with gold’s, where indecision rules. Bulls have been stymied so far by a midpoint Hidden Pivot at 49.043 that precisely contained the last big bounce.  Now, they’ve got a running start to attempt once again to smash through. A success would put d=52.575 in play.  There’s little point in trying to predict the outcome, but if the futures pop through p and then return to the green line (x=47.276), we should be prepared to bottom-fish there aggressively with a small-pattern trigger. Alternatively, a breach of C=45.510 would be bearish, although not necessarily fatal. ______ UPDATE (Nov 10, 1:14 p.m. EST): The futures have broken out today, impaling o=49.043 with sufficient to get them to d=52.575 eventually.

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