May Silver has been trending down since late April/11 with lower lows and lower highs. Price poked its nose above the 10 month downtrendline for a one day wonder day and got its head blown off much like a gopher standing up when whistled at. All the moving averages are rolling over and notably have converged in a tight band. This doesn't occur often and tends to see a sharp pronounced price move after. Meanwhile the major price action is down and will continue until higher lows and higher highs are seen again. Clearing the downtrendline would be the 1st sign of a change in trend. The precious metals typically selloff from a springtime high and zig zag lower into a summer low historically.