We can breathe easier when July Silver touches the pink line (p2=37.291) since that would make any one-level pullback a correction that we could buy ‘mechanically’. It would also shorten the odds of further progress toward a 40.439 target that I’ve assured you will be achieved. In the meantime, the futures are in limbo, looking for a favorable gust to help things along. If July Gold achieves a comparable target at 3695 at the same time, the gold:silver ratio would stand at around 91, down significantly from recent highs above 100.
SIN25 – July Silver (Last:36.355)
