Silver has plunged during the Friday session to test a major uptrend line that extends back to the latter part of August. It is also worth noting that the 50-day EMA is sitting around the same area. A breakdown below that zone opens the possibility of a move down to the $47 level. Critical Support and Double-Top Risk The $47 level is a large, psychologically significant figure, but more importantly, it is an area where a lot of support has appeared previously. If price breaks down below there, it opens the possibility of a major breakdown. There is also the possibility of a double top forming in this market, although ... (full story)