Silver consolidation continues

BofA Merrill Lynch:

While Silver continues its year-to-date consolidation between 17.70/15.92, its conclusion is drawing near. We are looking for one last "e"leg up, which should not break the May-18 high at 17.79. 

We will look to sell that rally, as, from there, the long-term downtrend should resume for secular trendline support at 13.34.