$SLV: No Change in My Price Forecast Since June 21, 2013

My post on $SLV from June 21, 2013 stated the following: "The derivative for silver is closing in on my downside price objective of $18, which should provide some near-term support and possible reflect rally back to $21. If $18 is penetrated, the next downside price objective is $14. All of the current price action is taking place in a Stage 4 -- Declining Phase."  Since June 21, $SLV did reach $18 and has retraced back to a close of yesterday at $21.09.  Currently, $SLV has entered into the overbought levels, based on the Full-Stochastics and Wm%R.  If $SLV weakens from the $21 level, $18 remains the key support price.  The proverbial bottom-lines remains that $SLV is in a "Stage 4 Selling Phase."