On June 7th I said the following regarding SLV:
"Fibonacci fan supports at $35.25 were tested hard last week, and unlikely to hold on another test. The main Red trendline rests in the low $33.00 area."
The Fibonacci fans were broken shortly thereafter, and the result was a steep selloff to the main Red trendline as shown on the chart below.
The next short term target is in the proximity of the green arrow.