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Silver Awaits Breakout from Consolidation Range

Silver has been bearish since hitting a high in July of 21.57. Since then, it has slide to 19.73 last week where it found support and entered a short-term consolidation range, with resistance around 20.17.

The bearish market is young but strong in the 4H chart as the 200-, 100-, 50-period SMAs crossed in late July, and has shifted to bearish alignment, sloping down, and spreading apart, with price trading below them. 
The RSI has also tagged 30, and has been holding below 60, which reflect a persistent bearish momentum. 
will price break above 20.20 to liberate silver from the falling trendline and the bearish outlook, and perhaps introduce a bullish one? Maybe, but before it does that, we have to treat the consolidation with the knowledge that a similar consolidation at the end of July failed to push silver above the falling trendline. 
If silver does rally above 20.20, we should look for a short-term target at 20.60-20.70, a commone resistance a the end of July, and the 200-period SMA.

Silver 4H Chart

The daily chart shows a market that is trading sideways, but has made some signs of a bullish market since rallying in June. However, if price breaks below 19.70, the bullish signals could be invalidated, and silver would have focus back towards the 2014-low around 18.65.

Silver Daily Chart