Silver 4H chart 9:05AM EST 12/5/2012 Channel Breakdown: Silver was seen last rallying in a rising channel. After barely making a new high, silver fell back and this time broke down below the rising channel seen in the 4H chart. This breakdown also pushed the RSI below the 40 level in the 4H chart. This reflects a loss of the bullish momentum made in the November rally. In fact if the RSI pushes below 30, there is bearish momentum being born. Double top: If you consider the latest high at 34.39
