Silver Downwards Projection

Looking at the Daily chart of Silver, we can see an impulsive bearish move, followed by a wedge continuation type pattern. We have since broken the wedge to the downside for a further drop, with that in mind, the pattern's projection is at around the $12.57 per ounce level. This is our current suggested target area for those who are already short, and would also be an interesting area to buy silver if it does indeed drop further down.