Silver seems to be stuck in a wedge on the weekly chart between 18.1 and 16.2 at the moment. I believe silver need some long term support before any chance of breaking the downtrend since fall 2016.
We have a kumo-break to the downside with a descending cloud on the daily chart. Resistance on top of cloud around 17.4 and fibonacci retracements from recent uptrend suggest 16.9 first possible support, then 16.7 then finally 16.45 close to uptrend trendline.
I believe silver needs to hit big support to get more movement to the upside.
The play to make this week:
Short@ current price level (17.1) at this time.
Open 3 shorts with SL 17.45
TP 16.9, 16.75 and 16.5
Sorry about the late call!