Silvers tend is up but it has some key levels pass:
1) A weekly close above 18.708 is another victory for the bulls.
2) there is a weekly supply level at 20.884.
3) 27.50 is the best supply zone on the chart and price has not yet been there.
the current weekly pin bar is due to stops being above the 18.708 level from everyone who was short. Question is really...
How to catch a falling knife..? There is only good demand well down to 123.69 area. It may fall right through ..who knows but I will look for short opportunities in lower time frames until price is further down.
Everyone who is currently short has their stops above the wing high.
Supply zone is not fresh anymore. Therefore I believe they could push the price to new all time highs to seek liquidity for their shorts (everyne who is short now need to buy back - close their position) in case a pop above 2141.
Gold is in a longer term bull market and the decline from 1900 is a correction.
In regard to short term it looks like there is some tested (not fresh) supply at 1421 but price needs to break the trendline channel first.