March Silver broke down below its uptrendline and blew through $31 support and is consolidating in a super tight flag pattern at the Fib 61.8% retracement level of the June to Oct rally. This also fills the gap in that price area. Silver has never shown much respect for the Fib 61.8% level like Gold does. Retracements on Silver often go into the 70% levels. That could see Silver fall to the 28.30 price support area which is a Fib 78.6% retracment. This present pattern is an Inverse Flag which is very bearish. A break below this tight range would suggest a plunging price and typically another Inverse Flag like the present one just completed. On the upside price would need to re-clear $31 to suggest higher prices ahead. Odd price action for Dec as Dec into early Feb is seasonally one of the strongest times of the year for Silver. I guess "other factors" are determining price. An Option Strangle might be a good bet with this pattern.