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Silver - Long-term Outlook as We Approach Year's End

From forexminute.com

Since July’s 21.57 high, silver has been sliding persistently until the end of November when it dropped to 14.65 then rebounded sharply. This rebound sets the stage for a possible bottom at least for the short-term (couple of weeks) with risk of extending into the medium-term (couple of months). Let’s take a look at the long-term technical condition as we near the end of 2014. Starting with the monthly chart, we can see that price has been bearish since the historic high of 49.78 set in 2011. This bearish trend is still intact, and there is no reason from a technical perspective to believe that this trend will end ... (full story)

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