December Silver struggled unsuccessfully all week to punch through a clear Hidden Pivot resistance at 21.905. However, the slight poke above it on Friday, along with the shallow pullback to end the week, suggests buyers are ready to take on an important ‘external’ peak a 22.80 recorded the first week of June. Just above it lies a ‘voodoo’ number where the futures would be an opportune short, albeit only for a tightly-stopped scalp-trade.
SIZ22 – December Silver (Last:21.80)