Last week’s top occurred an inch from the 25.34 target of a reverse pattern stretching back to July, so I’ve lowered its point A to June’s bottom to produce a new, somewhat higher rally target at 25.74. A further drop to p=24.16, or to x=23.37 could cue up a ‘mechanical’ buying opportunity, although the latter would be somewhat less risky. The stop-loss for a bid placed at the higher level would be at 23.63, but check for timely guidance in the chat room, since we may be able to cut risk significantly. The predicted move to at least D=25.74 comes with high confidence, given the easy penetration of p=24.16 on the way up. _______ UPDATE (Sep 6, 6:41 p.m.): Now that the futures have come down to the green line (x=23.27), you can use a trigger interval of 28 cents to get long. That implies entry risk of about $1400 per contract, so the trade is advised only for subscribers who can locate the trigger pattern. Based on Wednesday’s low at 23.31, the buy signal would come at 23.595, with a partial- profit-taking exit at p=23.875.
SIZ23 – December Silver (Last:23.48)