The decline of the silver has started more than six months ago, due to new regulations regarding the silver trading. This continuing weakness accelerated after the silver fished correcting up and broke under the support of $31. It easily crossed below the first target we set at $28 and it is now moving towards the next significant support at $26. The weekly chart of the silver shows that there are not any strong supports under $26 and therefore a break-down there might take the price down to $20. Pay attention to stochastic low levels, which means that the silver might sharply correct before it continues down.
