My impression is that Silver is working on the last bounce before a major plunge. Silver rallied from a test near the blue Fibonacci fan support. I have been targeting approx $35 for SLV, and we are closing in on that level.
We backtested the Main red trendline today as well as the yellow midfork line. Silver could grind slightly higher, but upside should be minimal from this point. I will have more detailed analysis on both Gold and Silver coming shortly.