Will Silver Continue Moving to the Upside?

Silver has been slowly but steadily moving to the upside for the past two months or so but it appears that the upward trend is finally get getting exhausted and losing steam. Silver has been consolidating sideways for the past few days, testing the resistance at 18.10 – 18.15 and it has even formed a hanging man candlestick on the daily time-frame below that resistance. The precious metal might begin a retracement at the very least, and should it do so the first target would be at 17.65. A breakout below that level will likely lead to a further move to the downside towards the next support level at 17.34, which coincides with the (MA)89 indicator on the daily time-frame. All that said, so far there is no indication for a reversal of the overall bullish trend.