The September contract is bound for a rendezvous with the 40.755 target shown. This has been unavoidable since early June, when it popped through a midpoint resistance at 34.598 and never looked back. The picture of strength is corroborated by the absence of any pullbacks sufficient to enable a ‘mechanical’ buy on the weekly chart at any time along the way. If Comex Gold reaches a commensurate target at 3695, it would push the gold/silver ratio up a tad, from a current 87 to 90.
SIU25 – Sep Silver (Last:38.464)
