Charts speak for themselves, support should hold till 16$....expect it....that way a bottoming above it will make you and me ecstatic! Ted Butler suggested that we were bottoming and not much left below....I don't know why he would say that in the face of almost record shorts.....I still see downside....unfortunately....and I'm sweating a bit....

1 year Silver Daily Chart....

http://stockcharts.com/h-sc/ui?s=$SILVER&p=D&yr=1&mn=2&dy=0&id=p41383125602&a=74887008

2 year Silver Weekely Chart

http://stockcharts.com/h-sc/ui?s=$SILVER&p=W&yr=2&mn=0&dy=0&id=p75589834360&a=110072645