Silver is close to aborting a ‘mechanical’ sell signal that triggered last Tuesday with a rally back to the green line (x=47.96). If buyers can pop it above C=49.225, negating the pattern, it would be a constructive way to start the week. The first Hidden Pivot resistance they would encounter above it lies at 50.030, a minor ‘D’ target associated with the 45,510 low recorded on October 28. Short there only if you’ve caught a profitable piece of the approximately $1.75 ride north that remains between Friday’s closing price and the target.
SIZ25 – December Silver (Last:48.250)
