The current price is closest it has been to the 200 week moving average since the 2008 financial meltdown. Can it consolidate more? Gold may drop to the bottom of the range before going for a run to the top of the range. Maybe April will be a better month?
Silver has been in a major consolidation period since the sell off in May 2011. Short term, it is bearish as it's trading below all of the moving averages, 20, 50, 100 and 200. It has also breached the major bottom trend line which is not a bullish sign.
With Cyprus in the news, I would think that more people would become aware of what central banks around the world are doing. (Debasing and stealing for their own benefit at the expense of the people)
If Silver does not get a decent bid in April, expect more of the same trading range going forward. I would not be surprised to see $26 again for the 5th time?
With the Fed and their magic money machine (Digital is their weapon of choice), they can continuously supply the too big to fail banks with digital fiat to suppress the price on the Comex. Based on what I've seen over the years, I believe that the _cartel_ is stronger than most people think. IMO, they will fight this particular commodity down to the last day, expect a slow grind going forward. (Unless they decide to make a few $$$ going long before shorting it again).