Looking at the chart for silver its obvious to see that support has given way and price has fallen back to the prior bear trend since 2011. Right now with concerns of Greece politics there is news that gold/silver might again be a safe haven, this might hold true if the ECB decides to delay , which I think they will.
It is possible that Silver and Gold retest prior volume-price support levels in a form of throwback. Throwbacks or fakeouts, are usually quick retest of prior supports, and usually end badly for those thinking the move is a sustained rally. After the throwback Silver/Gold and probably all other related to energy and metals will resume the bear trend and reach levels not seen since 2001.
If you take a further look at the Silver , most of the accumulation was above the prior price support at $18.00. Most of these traders are looking to get close to breakeven at first chance, and will be selling near and slightly above price support. As far as miners, will see many gold and silver miners slow production and shelve mines for many years. I hate to break it to you gold-silver bugs, this commodity bubble of 14 years is done.
Food for thought..
When gold/silver is going higher it's all of sudden considered a safe haven currency. When gold/silver is going down the argument shifts to,
"well they're commodities". Right now the mainstream thinking in financials, gold/silver are both safe havens. With the current state in oil and other , miners now have the ability to mine at a much lower cost. With Gold doing better than oil , this will help encourage more gold supply. With Dollar going as high as it is we can presume there is global deflation going around, which cuts demand for gold/silver. So now you have an oversupply of the precious metals. IF US Dollar takes the command of worlds safest currency, which any non gold-bug would presume, Gold could fall faster than it did in 2013.
I'm hearing a few gold bull bugs getting optimistic once again. Many of these gold bugs have called the bottom in gold and its now on it's way to recapture/break the 2011 highs'. Well you know what they say, the bottom is not in until you've smashed the last bull. This trend from 2011 is not done yet, and I suspect gold to resume the bearish trend after this throwback has peaked out near the most recent high from previous low.