Bulls spent a week in mid-October defending Silver’s Maginot Line at p=54.070, but the effort failed with a two-day plunge that has saddled the futures with a ton of fresh disappointment. This will leave my expectation of a further fall to at least p2=45.080 unchanged. A decisive breach would not necessarily doom December Silver with an inevitable fall to the 36.090 D target, but it would put bulls to a test almost as challenging as the one they faced at p.
$SIZ26 – December Silver (Last:48.650)