Silver made a new low on the year last week. It looks poised to extend even further below this 18.46 low, to test the 2013-low at 18.20. The weekly chart shows that silver has been bearish since 2011 when it held below 50.00. The 200-, 100-, and 50-week simple moving averages (SMAs) are in bearish alignment, and price has been below all of them since 2013. The RSI has also tagged 30 last year and then held below 60 ever since, showing that the bearish momentum is maintained. The 18.20 low represents a descending triangle support. If price breaks below 18.20, the next support might be the 2010 low at 14.63, and silver could be bearish in the months ahead. (Silver Weekly Chart 9/15)The weekly chart for gold resembles that of silver. We can see the same general price structure, with price bullish before 2011, and bearish afterwards. The moving averages and the RSI are also giving us the bearish outlook we can see in silver's weekly chart. Gold might be just a step behind silver, which made a new low on the year. For gold, its 2013-2014 lows and major consolidation support is just above 1180. (Gold Weekly Chart 9/15)