That horizontal green line represents the current line in the sand that silver must overcome to have any chance of continued advances. Look at how many times since mid-November that silver has touched, or at least come close to that line...at least a dozen times by my count. The more times it touches the line, the more important that line becomes, for both the bulls and the bears.
We're at a point now where silver is going to make a decision because it can't linger here forever. It's either going to break up above that green line or it's going to start falling away which, in all likelihood, will mean a re-test of the $14.15 low from December 1. I'm not going to make a prediction here other than to say silver has been in a brutal bear market for three years and the path of least resistance has been down. A reversal of that trend would mean a positive breakout for silver, but I'll believe it when I see it.