Silver has remained very resilient relative to its dominant primary driver gold in recent months, trading at its best levels in over a dozen years. Silver apathy and bearishness lately has been myopic and misplaced.
A break under $58.35 suggests new lows below $54.74. Under $62.50 suggests lower. Obviously, the argument of further declines or new lows is over with new highs above $4,700 gold and $71 silver.