The chart is in trouble. Note for the 1st time since last summer the falling 20ema is below the falling 50ema and holding below. Price has retraced 50% of the entire rally. The Modified MACD that is slow and methodical in nature reached the 0 line and is frowning rather than curling back up. Not a positive sign for sure. One could make an argument here for a large Inverted Flag as well. Meanwhile price is trapped between 32 and 38 for how long no one knows. But she's a sick puppy for sure but still capable of whipsawing at this point. Keep in mind May and June are seasonally very bearish as has been seen but from the end of June well into and through July Silver has a history of a strong bounce back before falling to its seasonal low in mid August. If price hasn't broken below 32 support by the end of the month I wouldn't be so bearish myself. No guarantee of a repeat of 1980.