Silver has struggled at horizontal resistance, but may attempt to test the 2016 high with the bear market to resume thereafter. There is no sign of a bottom. Silver will take years to finally reach the bottom.
June 25, 2016:
"Silver formed the double bottom blue arrow lows late last year as anticipated in the Cycle. The result was a significant bounce.
Silver is approaching a critical high in the Cycle. It may seem tempting to view Gold and Silver as a safe haven with turmoil in the market.
Any safe haven behavior is likely short lived according to the Cycle with a relentless decline directly ahead."