SIH22 – March Silver (Last:22.15)

Silver looks like a slightly better bet than gold to achieve the ‘D’ rally target of the modest ‘reverse’ pattern shown. It has signaled one ‘mechanical’ winner on the way to 23.85, but we are more interested at this point in how strongly the Hidden Pivot resists the uptrend.  It has been tortuous and does not look powerful enough to blow through the resistance. Still, there is no reason to think this is impossible or even unlikely, so let’s simply monitor the move closely and exploit it as we always do whenever the odds tilt in our favor. _______ UPDATE (Jan 3, 10:14 p.m. EST): Like February Gold, March Silver would trigger a ‘mechanical’ buy if it falls to the green line. The 21.40 stop-loss would make the trade equally risky, with $3,000 theoretical at stake on entry. This one, too, is therefore for experts who can pare that down to perhaps $300 per contract. Interested?  Nudge me if I’m in the chat room at post time. _______ UPDATE (Jan 6, 8:12 p.m.): Time to remove Silver from the front page?  I will do so shortly unless there’s a popular uprising to save it.