SIU24 – Sep Silver (Last:29.085)

We had great fun with Comex Silver last week, notwithstanding its reputation among traders as a Brahma bull. Although it was not exactly docile, its gratuitous feints, squiggles, plunges and war-whoops were so easily and precisely predictable that we managed to hit a half-dozen tradable highs and lows before the week ended. I stayed closer to the intraday charts than usual after eliciting pledges from a bunch of subscribers to make the extra effort worth my while. And so it was.  If you’re eager for more, then by all means light up the chat room with more ballyhoo. In the meantime, you can count on the little sumbitch to fist-pump to the 29.620 target shown, a Hidden Pivot resistance that would be tricky to short, since it lies a single tick above an ‘external peak recorded July 24 on the way down.