The reverse pattern shown is sufficiently authoritative to imply that July Silver is unlikely to dip significantly below the 28.815 Hidden Pivot target, at least not over the near-term. It took a brutal gang-bang by sellers to bring the futures down to the pattern’s point ‘C’ low at 28.815, but the sleazeballs who manipulate silver’s price were probably piqued by the increasingly shrill noise from bulls who felt that the metal’s handlers were losing control. Bottom-fishing will enjoy favorable odds this week, so stay tuned to the chat room and turn on your email notifications if you want to stay apprised.
$SIN24 – July Silver (Last:29.44)