SIH24 – February Silver (Last:24.470)

I’ve synched up Silver’s chart with Gold’s to show that the former is slightly outperforming the latter, leading the way, as it were. Last week’s penetration of the midpoint Hidden Pivot at 24.70 was not sufficiently impressive to make further progress to D=26.62 a surefire bet, but at least it’s a start. Similarly to gold, a pullback to the green line at 23,744, especially early in the week, would signal an attractive ‘mechanical’ buy.  We may be able to improvise on-the-fly, however, if there is not enough weakness to bring the futures down to our niggardly bid.