~$21.50 continues to be the number.

Silver isn't very chart-friendly; I've learned this since mid 2020. That said, Silver can at least be tracked with some confidence to critical support of ~$21.50. The few reliable indicators one can use indicate silver is bearish. EMA has pushed solid resistance and continues to build. Silver appears ready to approach a point wherein it will reject heading below $21, perhaps even back to pre-pandemic levels of ~$18, or it will settle back in to this key range. If it settles, it'll turn its current key support into massive resistance moving into 2023.

What will decide the direction Silver goes in 6 months? Silver's bulls and bears appear to converge to a decision-making point in six months. If the dollar has recovered and inflation has tamped down, silver will fall. If COVID continues to wreck havoc and the current administration continues to show a weak hand on geopolitics and economics, we will see investors continue to flock to safe-haven assets. Interestingly, crypto has continually been flaunted as the ultimate safe-haven against inflation. Yet crypto has acted like tech stocks since COVID began, nothing more. This type of price action puts pressure on Silver.

The year 2022 is a bellwether that'll either walk silver into the wolf's jaws, or show just how valuable its industrial utility is. I think the latter is still 2 to 5 years off, and so I conclude a short position on silver for the year.