Staying cautious on silver has been the right thing to do. The declining 50dMA seems on track to forming a dead cross with the 100dMA in the near future with silver's price forming another lower high this week, closing the week at US$ 33.70 an ounce. All eyes are on the 200dMA and whether silver's price could stay above this long term moving average. If the support holds up, we could see bulls coming back with a vengeance. If the support breaks, the bears could have a field day. The 200dMA is currently at US$ 31.71 an ounce. A quick look at the weekly chart shows that the uptrend is still intact although the momentum has clearly weakened. RSI has gone under 50% which was acting as support. A lower low on the MACD is a forgone conclusion although it is currently still in positive territory. I am ......