Silver has more stubbornly resisted the tug of gravity than gold, but the 21.44 downside target remains a logical short-term price objective nonetheless.  An unexpected pop to 23.90 would trigger a ‘conventional’ buy signal, but until such time as that occurs, we should trade this contract with a bearish bias. Although it seems unlikely the 22.34 low recorded on June 23 will prove to be an important one, it is capable if it endures of launching the futures to as high as 28.56.