September silver is trading at $17.80. Silver is range-bound and potentially setting up a flag type of chart structure as seen below. The Fed and world monitory authorities flooded the streets with cash. Coronavirus wreaked havoc on the world economy so each country is trying to do its best. Zero interest environments are here to stay. what will that kind of environment will do to silver in the long run. I still think that silver has a big run to the upside in its future. Everything on the negative side is known, what is not clear yet is the pace of economic recovery. For now, silver will grind sideways as the equities trying to price new infection concerns. I think it is too early to talk “deflation” but that remains to be seen. You can do a sideways strategy using options.