Putting aside the depressing question of how low Silver could go, the 21.75 downside target of the pattern shown is pulsating with opportunity. It’s the legit (i.e., non-sausage ‘B’ low) that brings this picture together. I have not boldfaced the target (or a similar one in gold) because I don’t want to queer its potential magic for purposes of bottom-fishing. The daily chart requires a large trigger interval of 37 cents, but I’ll suggest looking for a smaller ‘natural’ trigger on, oh, the 15-min chart when the futures get within 25 cents of the target. _______ UPDATE (Oct 2, 11:28 p.m.): This chart shows how the trade suggested above could have produced a $1,200 win on four contracts going against today’s overwhelming downtrend. The ‘natural’ trigger shown was the only available choice, and it yielded an interval of 5 cents. However, the trade was signaled at 6:15 a.m., well before the regular session began, and many of you have been asleep.
SIZ23 – December Silver (Last:20.95)
