Silver’s parabolic rally has twin support at the uptrend line and highest fibonacci around $23.

Silver’s volatility is not supposed to dip, so the $23-$21 area is of utmost importance to late entries.

Silver facing some profit-taking pressure around and above the 200% fibonacci extension. This no way implies that short selling attempts are technically sound.

The 50% retracements of the move to the all-time rally may provide some exit area soon.

Silver: First bull market support just around the corner.

Silver shorts know they can set their swing stops within the boxed resistance area where the market has failed several times, but the last time did not fall in a dramatic fashion.

Easy come, easy go silver will find it difficult to keep up to the expectations of this parabolic price channel. 

After another failure @ 19, silver’s focus is on how deep this retracement can be. I am showing the first important steep support line below.