Although Silver looks likely to achieve the 32.380 Hidden Pivot rally target shown in the chart (and in last week’s as well), it is not quite a done deal. Nevertheless, a pullback to the red line (p=30.763) could be bought ‘mechanically’ with a 30.244 stop-loss. It is unusual for me to suggest this trade, since we usually wait for a pullback to the green line. But there was such control and confidence in last week’s ratcheting rally that we ought not to look for the exceptional opportunity that a retracement to the green line would provide.
SIH25 – March Silver (Last:31.314)
