Declining Sharply in a Falling Channel: Silver price (XAG/USD) has been bearish since the 21.57 high from July. The daily chart shows the market in a falling channel, with no meaningful bullish correction or consolidation that lasted more than a week. We can see that the market in 2014 was not bearish, but more or less neutral. The 200-, 100-, and 50-day simple moving averages were basically moving sideways. The RSI was at 30, came up to 80 and now is back below 30, showing no real stickiness to any direction. Still, the medium-term bearish trend should be respected as it just broke into a new low on the year at ... (full story)