$SIH25 – March Silver (Last:31.000)

The futures bottomed Friday at a key support, the 30.728 midpoint Hidden Pivot of a pattern that projects to as low as D=28.18. The pattern is gnarly enough to offer some potential trading opportunities, including bottom-fishing at p,  p= p2=29.456 or even D. Also, a rally from the sweet spot between p and p2 would set up an enticing ‘mechanical’ short from x=31.999, stop 33.275.  As always, a decisive penetration of the midpoint support (p=30.728) would portend more slippage to at least p2, or possibly D.

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