December Silver has spent the last four months basing for a presumptive shot at D=37.249, a 28% climb above last week’s close. Bulls gave up some ground last week, but only after exceeding the 30.00 ‘d’ target of a reverse-pattern rally by enough to suggest the uptrend still has plenty of vigor. That doesn’t rule out a nasty correction, even to as low as the green line (x=23.61), but we’ll treat this possibility as a longshot bet unless a correction takes the futures beneath the recent low at 26.885.
SIU24 – Sep Silver (Last:29.143)
