Technical outlook and chart setups:
1. Silver is seen to be following an intermediary resistance line over Oct 30, 2014 and Feb 2014 highs as seen here. A bearish reversal here could bring down prices to at least $19.50/60 levels if not lower. Possibility still remains that Silver breaks below $18.00 levels.
2. Support is seen at $19.50, followed by $19.00, $18.60 and lower while resistance is seen at $21.70, followed by $22.30 and higher respectively.
3. The structure indicates that Silver needs at least to correct. towards $19.50/60 levels before rallying.
Trading recommendations:
Initiate short positions now, stop at 21.50, target is open.
Good luck!