Silver Bulls, Beware!

by Rick Ackerman
Silver Seek

By popular request, I’ve added Comex Silver to the list of touts tonight — and not a moment too soon, evidently, since the September contract is closing fast on a 19.010 target that looks capable of putting the kibosh on the rally, at least for a short while. A marginally higher target at 19.210 would be in play if the lower number is exceeded by more than 2-3 cents. Either way, Silver’s parabolic rise since early June is due for a rest, so we should pay heed to the technical signs. Aggressive play calls for shorting at either of these Hidden Pivots, but I would strongly suggest that you use ‘camouflage’ to initiate the trade, since even a few ticks of adversity in this vehicle can be expensive.

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