We've definitely witnessed a break of support on this chart today below $28, although with this beast, one always has to be alert for that ole whipsawing killer 'fake-break'.

If she snaps back above $28 quickly over the next day or two then that would qualify. But if Silver can manage to close here or lower tomorrow, both the daily and weekly charts will appear to confirm the move, making the $25 area the next logical target as Trades has already nicely illustrated in his chartwork.

Beyond $25, the key feature that stands out for me on this one is the fact that the breakout just below the $20 mark has never been tested. For a market that has more than doubled in less than 12 months ($14.68-31.21) and run up over $13 (with little interruption) since August, my money says that test is both due and forthcoming over the next few months.