Silver Weekly Chart

I will use the weekly chart of the SLV etf for a proxy on silver, with a quick horizontal trend line added, to show why I am adding to our Silver futures (March contract) position today if we get over the $30.09 level. That level if taken out on the upside, would suggest the move lower this week was a false breakdown. Thus far, Silver has managed to get up to $30.03, so we are getting very close. I will add 20% to the current position size.