$Silver is making a very respectable attempt to break out. But there are forces holding it down, not the least of which are sovereigns who do not want to see this proxy for inflation going up.The problem is, it is clinging to the support at $22 for over 15 months now. If it can't make more upside headway, the shorters will drive it below support. And that doesn't look pretty. I'm a big fan of MACD, especially the histogram. It shows the rate of change of the two MACD lines. When it is highly negative (which it is now), it's like the chart is in a hole. Think of it as a MLB batter on the heels of his feet. He cannot hit the ball with any power. A batter has to step into the ball. And $silver has to step into the market trading to get out of the hole. Same thing in ice hockey. Most of the power is in the front of the feet. That's where $Silver is. Sorry to be so simplistic. But that's how I see it. If it takes off from here, great. But I don't see it.
Your annotation of broken support isn't really broken support. If it was the PA would have been short below your horizontal line. The MACD histogram looks good but the MACD and signal line is setting up for a bearish divergence. Depends on the strength of the BO if it happens.