Silver

Here is an hourly chart showing pit trading in May silver futures.

The market has rallied as far as 1092 vs. my target of 1098 at the 3 1/8 multiple of the 351 low in 1991. Note that the current upswing from point h is longer than the previous two upswings. This together with the fact that gold still has some way to go to get to my current 574 target means that silver will probably rally to 1108 before beginning a big reaction.