A pattern identical to gold’s projects a rally to as high as 22.88 over the near term, although the latter has performed more bullishly recently. There have been no ‘mechanical’ buying opportunities since the futures bottomed ten days ago, but one would be signaled on a pullback on Monday to x=21.03. Bulls should be careful near ‘D’, since the target is sufficiently compelling to suggest a short-able pullback will occur there.
SIN22 – July Silver (Last:21.76)