Although silver’s price action has been somewhat more subdued than gold’s, I’ve adjusted the bullish pattern on the weekly chart to produce a rally target commensurate with gold’s. A similarity you should be prepared to exploit is that a pullback to the green line would create a very attractive ‘mechanical’ buying opportunity. We would want to cash out of half the position on a one-level bounce back to p=77.530, since the price action on the chart suggests Silver will be more challenged by gravity to sprint toward d=93.850 once it has left the starting block at the green line.
SIK26 – May Silver (Last:76.414)