Silver has been incredibly gappy on its daily chart of late. The weekly chart above, though, indicates a smaller consolidation triangle after breaking out from a longer-term weekly one dating back to the hue run in 2011. I believe holding the $31 and especially $30 levels on the SLV ETF are critical to the bull case here for a sustained breakout.
Don’t know about SLV, but I think the bottom is in for silver. 32.15 would be maximum downside. Once silver bottoms, probably either today or tomorrow, we should be off to the races with the entire gold and pm complex.