May Silver continues to plod higher, bound for the 28.12 target shown. We take nothing for granted in this vehicle, however, and so the futures will need to blow past p=26.34 with brio before we can confidently infer that more upside to ‘D’ is a done deal. We will also need to be conservative when boarding at the lows of the inevitable swoons, using ‘camouflage’ set-ups that meet all of our requirements. Last week we would have been done out of such an opportunity when the futures fell on Friday to the green line without having touched p=26.33. We’ll wait for better set-ups or do nothing at all. ______ UPDATE (Mar 29, 11:38 p.m.): Today’s wicked whipsaw generated a new point ‘C’ low to shape the pattern shown here. It’ll work for trading and forecasting, but ‘mechanical’ entries with huge entry risk will require some small-pattern tricks to get aboard. Stay tuned to the chat room if you care.
SIK22 – May Silver (Last:24.95)
