SIH25 – March Silver (Last:31.485)

Last week’s slight penetration of Nov 19’s external high at 32.03 was bullish, although not very. It generated a weak impulse leg on the daily chart that implies any retracement this week that holds above 30.095 would be corrective and therefore a ‘buy’.  A further push up to p=32.483 would certainly call for a tightly tightly tightly tightly stopped short, presumably with a ‘camo’ trigger fashioned from the 5- or 15-minute chart. My worst-case target is 29.160, a back-up-the-truck number for those of you who have been waiting since early November for a better buying opportunity (daily chart, a= 33.76 on 5-29-24).