(Posted on behalf of mptrader.com and author Mike Paulenoff)Friday May 18th, 2018 by Mike PaulenoffThe BIG Picture of Silver-- remains a sideways mess bound on the lower side by a 9 year support line that cuts across the price axis currently in the vicinity of 15.40, juxtaposed against a near-1-year resistance line at 17.25 and a 4 year resistance line at 20.00. Is all of the action since 2014 a base in anticipation of upside acceleration, or a sideways digestion period within a still dominant bear phase since its 2011 high at 51.83? I really dont know, but Silver certainly is in "prove it to me" mode. In the absence of strength and a climb above 17.25, the dominant downtrend, and the bears remain in control.5 18 18 Monthly Silver GIF Mike Paulenoff is author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial!* I really like Mike's charts and analysis. This is shared with my readers here via MPtrader.com *Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. Follow us and check back occasionally for additional articles or comments.