SIK23 – May Silver (Last:23.57)

I’ve brought point ‘A’ down to a ‘marquee’ low in order to give the rally a little more room. Silver’s week-long hesitation to push past p=21.92 made it less than a lock-up to reach D=23.89, but Friday’s blast free of gravity was sufficiently compelling to imply the target will be reached. As always, an overshoot of so clear a Hidden Pivot would imply more uptrend. Next would come a test of massive supply in the 23.50-25.00 range deposited back in December/January. _______ UPDATE (Mar 24, 8:55 a.m.): With a so-far high today of 23.71, the futures are closing on the 23.89 target that would max out the bullish reverse pattern shown in the thumbnail chart. They were short-able this morning as scalp at 23.69, however — the ‘D’ target associated with the one-off low at 21.19 on 11/8. IF SI closes above the higher target, it would activate D=26.48, associated with A=18.40 on 10/14.