Silver’s main bearish pattern is aiming for a re-test of the recent low and possibly for a final low of 18.965.  The midpoint of the pattern is at 26.275, just above the correction low of 26.150, which is our “B” point.  This midpoint is no more hidden than the one on the gold chart, where the pattern is very similar.  This could change in either or both cases, should the “C” point be re-set higher and a decline ensue.  In that event pivoteers should recalculate and take another look at how well hidden “P” is, with an eye to buying it.  If silver’s current “C” holds but the midpoint doesn’t, the 18.965 target should not be considered outlandish, as it would represent only a slightly larger percentage decline than that which occurred in 2008.  (Posted by Doug “harry” McLagan)