Silver continues to look like a bull with Mad Cow’s disease as it makes its way in tortuous fashion to the 27.34 rally target we’ve been using for the last several weeks. Friday’s dirge tripped a ‘mechanical’ buy at the red line (p=24.76). but like gold, it failed to reach p2=26.905 before pulling back. The stop-loss would be at 23.90, and I think the trade will work. However, I am not recommending it officially because the set-up is not strictly kosher.
SIK24 – May Silver (Last:24.84)