Rally in silver market appears to be over as technical indicators and price show sharp declines from recent rally.
Silver appears ready for a big dive.
Silver appears to be again in the midst of a serious decline which could take it much lower. This appears especially true since the other precious metals, gold and platinum have also been weak recently. The short term indicators are showing some minor improvement, but it appears to be normal fluctuation in a declining market. Commitment of Traders Report continues to be bearish. The low open interest is confirming the obvious lack of interest in the silver market, suggesting we are seeing lots of activity by day traders since the price moves a lot, but the open interest changes very little.