$SIK26 – May Silver (Last:67.81)

The chart shows the same hopeful, best-case scenario for Silver as the one presented in the Gold tout. The May contract tripped a theoretical buy signal on Friday when it touched the green line, and now it need only push above p=77.99 to tip the odds strongly back in bulls’ favor. As is the case in gold, however, and as I have stated, this is not the most likely outcome, and the alternative would be further slippage to at least 56.32. That is the secondary Hidden Pivot of a pattern projecting as low as 42.67 (60m, A=119.20 on Feb 29).

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