Rejection followed through, perhaps a resistance to support flip?

We can see that the rejection of the attempt to move into the white channel has followed through, with silver selling off. Heading back into the previous resistance breakout zone. Perhaps the commodity is now trying to test this area in the hope of new support, a potential resistance to support flip. Currently, silver is trading at around $29.56 an ounce. The support here sits between $28.50-$29.70 with the price now technically in the support area based on the current price level. If a new support level is formed in this area then a new leg higher may be underway. With the resistance then once again of $32-$32.50. Looking at the technical indicators, the MACD is still positive even though it has stalled a touch. The RSI has shown more weakness (now at 62) but there was an indication of oversold conditions. Perhaps this is just a minor retracement.