Some Crucial Benchmarks For Silver

February 28, 2017

The rally pattern shown with a Hidden Pivot target at 18.26 was so clear and compelling that we should assume that because the futures exceeded it decisively, they have sufficient energy for another leg up once the current correction has run its course. The more quickly this occurs, the better the odds that the next up-thrust will take out the key high at 19.12 recorded on election night.

That’s a very important benchmark, since any rally that exceeds it would put a 22.02 target in play. (Note: I don’t expect that number to work perfectly precisely as resistance, since it comes from a blended weekly chart.)

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