Silver - Building a Big Consolidation Structure

During this year, silver is moving mostly sideways with a bearish bias. The range YTD for the silver is between 16.062 and 17.698; the price is currently is running below the median (placed at 16.878). Our vision is that silver could make a new lower low, probably to the zone between 15.706 to 15.167 from where a new rally could start.