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XAG/USD recently experienced a massive 17 day decline, with a high of $18.647 and a low of $16.030, a net decline of -14.03%. Today, XAG/USD is worth $16.45. Almost exactly a year ago, XAG/USD established a line of resistance around this price, which it broke running up to the $18's, consolidating back to the low $16's, and then back up to the $18's, where it would eventually break the $19's and $20's half a month later.
With this massive 17-day decline, building momentum, and the return of green candle-sticks, a bounce back to the recent $18.65 mark or higher looks very possible. This might make for an excellent multi-week swing trade setup, with iShares Silver Trust ETF (SLV) or VelocityShares 3x Long Silver ETN (USLV). Please trade with caution, and do your own due diligence. And if you are a stacker, keep stacking.
always down...