Silver’s ascent last week was not as impressive as gold’s, creating a minor divergence that seems likely to continue, at least for a short while. However, the March contract would trigger a mechanical buy if it falls to p=31.945 when trading resumes Sunday afternoon. Using a reverse-pattern trigger, risk no more than 1,50 cents on the entry, but be prepared for more slippage to d=30.970 if the trade fails. If this pullback exceeds ‘d’, it would imply silver will pull gold down rather than the other way around.
SIH25 – March Silver (Last:32.235)
