Silver is in a downtrend..it is very likely that it will return to line 1 after bouncing on the horizontal resistance.
However, if it breaks this horizontal resistance on the circled point, it is very likely that it would turn towards the line 2 after a probable rebound on the horizontal resistance. From that moment we can expect a new upward trend
However, if it breaks this horizontal resistance on the circled point, it is very likely that it would turn towards the line 2 after a probable rebound on the horizontal resistance. From that moment we can expect a new upward trend