The chart provides no strong clues concerning the direction of the next big move. Usually, charts of lesser degree are helpful when the bigger charts are unclear, as is currently the case in Comex Silver. In this case, however, last Wednesday’s feint to the red line failed to touch it, denying us an opportunity to get short ‘mechanically’ when the futures rallied back up to the green line (x=36.939). The most promising trade I can discern in this chart would be to buy a swoon to d=35.812. That seems unlikely, but we should set a screen alert nonetheless so that we won’t miss the opportunity if it comes.
SIU25 – Sep Silver (Last:37.060)
