Reaching d=35.982 shouldn’t pose a problem, although we may be able to squeeze off a short from there, since it coincides with a voodoo resistance number. A two-day close above it would activate the 39.272 target of a larger pattern (continuous weekly, A= 16.314 on 3/20/20). That chart has produced just one ‘mechanical’ buy signal, a profitable one from p=30.93, but a second dip to that price would be an appealing place to try again, stop 27.170. _______ UPDATE (Jun 3, 12:50 a.m. EDT): Silver’s big move today nearly maxed out the gnarly reverse pattern shown with a blast to 34.935 that came within six cents of d=34.995. Yes, I am just skeptical enough that we’ll keep the burden of proof on bulls for now, meaning they’ve got to close this brick above 34.995 for two consecutive days, or trade above 35.800 intraday, to earn our confidence.
SIN25 – July Silver (Last:34.340)
