Sep Silver’s slight dip last week beneath the 29.05 ‘d’ target of the reverse pattern shown is sufficient for us to infer that the futures are likely to grind lower before they are fully corrected for another big leg up. It should launch within the next 2-3 weeks and reach 36. Please note, however, that an intervening pullback to p=26.67 (monthly continuous chart, A=11.64 on 3/31/20) would set up the juiciest ‘mechanical’ buying opportunity we’ve seen in a while.
SIU24 – Sep Silver (Last:29.56)
