Will silver come out of consolidation?

Silver completed 36 consecutive sessions oscillating around the 17.00 level, round number level that coincides with the 200 day exponential moving average. When the price of an asset consolidates during a long period of time around a zone or a level, it is because the traders and investors are complacent with the actual price and there are no underlying reasons or fundamentals for the price to move. During the last two trading sessions the price of silver has broken to the downside as shown on the daily chart and comes near the 16.29 level, which has acted as support in the past, but the 16.00 level could act as a better support level for the commodity. To the upside, the 17.45 zone could act as resistance, followed by the 18.19 level. Until the price of silver breaks below the 16.00 level or above the 18.19 level we do not have a clear direction, even though the price of silver has been in a much larger consolidation zone since the beginning of 2016.