I've draw 2 major down trend lines in SLV. The one from 2012 is clearly broken. The longer one from 2011 appears to been punched through by just a smidgen and come back to the line. To me the pattern since June looks most likely to be a inverse head and shoulders basing pattern. Often this pattern demonstrates good time symmetry from to start to the low to the final breakout (horizontal black arrows). We also appear to be in an up channel with some gaps to fill just ahead. So I would not be surprised if we get a little more up action to fill some gaps, followed by a small correction, followed by the true breakout in mid June or so. I know there is a lot of speculation here. But that is how it looks to me. Take care. Good trading to you.
