This chart shows what even a "normal" bear market rally for this bear market would like in percentage terms, much less a legitimate leg up in a bull market, though there may not be much difference here. Using a chart and accounting for the Dec 1st low, that would push this projection out the roughly the same price range, but the time range would be early February to mid March for a high.
The historical for silver shows the strongest gains in Jan-Feb of the average year and the largest declines from August-Sept. So far that is playing out with the recent steep decline this fall. And so, there is that potential tailwind for prices as we move forward into the winter.
Given those projections, my take is that an OTM call option on SLV with Jan 30 up to March 20 expiration may be a solid speculative play from here with the $19-$20 price range as a reasonable underlying price target prior to expiration.