Though silver prices have rallied, the longer-term trend is pointed lower.
Using Elliott Wave Theory as our guide, silver has been declining in impulse waves and rallying in corrective waves.
Silver may be in a small degree wave ii higher. There are wave relationships and the underside of the purple price channel hovering near $27. We'll likely see some type of a reaction lower should silver make it that high.
Near-term targets to the downside appear in the low 20's with much greater potential.
If silver rallies hard above $27, ignoring $27 like a check engine light on your car, then we will need to consider other alternatives that suggest the correction was a multiple zigzag pattern.
@S65Bart53, though futures and CFD price feeds may differ slightly, most people will trade the movements of silver via a CFD (if they are residing outside of USA) or via an ETF (inside the USA). Advanced traders may trade the future. For beginner to intermediate traders, you can use the price feed of futures to give an idea of trend and use the CFD or ETF as the vehicle to get there.