Earlier, I used a continuous chart to project a potentially important top at 53.06. But because silver is flirting with possibly rally-stopping resistance $10 below that, I’ve used the December contract to produce a more precise target. It shows the futures to have slightly exceeded a target tied to a point ‘A’ low recorded in October 2023. However, there is a still higher target, unachieved, at 43.282 that comes from a lower ‘A’ at 21.992 notched seven months earlier. This is shown in the chart. I have used it to produce a bull market target at 43.282 that maxes out possibilities on the daily chart, although not the monthly. That is why we should pay close attention when the December contract hits 43.282, which it will. I expect a tradable stall there, although probably not a fatal one, because there will still be an outstanding target at 53.06.
SIZ25 – December Silver (Last:42.830)
