Silver Bears Finally Make Their Mark Silver FuturesCOMEX_DL:SI1!CityIndexSilver has been a tough market to watch, offering little in the way of a pullback as it surged to fresh record highs. As impressive as the move has been, trends like this inevitably roll over at some point — and we may have just seen an important first step from bears. Today’s bearish range is already around 8% and looks set to close with at least a bearish outside day, with the potential for a bearish engulfing candle. The 1-hour chart shows a clean break of the bullish trendline. While prices are now curling higher after a period of consolidation, several resistance levels loom — including the monthly pivot point, the broken trendline, and the $90 handle. Bears could look to fade rallies into these resistance zones, in anticipation of another leg lower. Matt Simpson, Market Analyst at City Index