Silver found an important support level last week, and bounced. It could be ready to break, and test above the white trendline.
However, some limited downside still may be likely. The red-green support zone would be very attractive ($29.50-80 for the Silver futures). The red support may be the maximum downside potential for Silver on a near term basis.
Once the low is in, Silver should rocket up to test $38-39 according to the model. Gold is already showing relative strength compared to Silver by testing near the March 19th high on Friday. The implication is that the downtrend for Gold/Silver is nearing completion.