The silver market is looking to set its seasonal lows sometime in the next few sessions. Currently, the silver market is trading around near $24.00 in the December contract.
The recent washout has caused the silver bulls to pull back and reassess where strong solid technical support is. The US Fed meeting at the Jackson Hole symposium underway. Sad to say, but the recent rise in the rate of new infection in the US is a genuine concern and could force the Fed hand from tightening the money supply.
From technical analysis, silver should find support here. Any absolute washout to the downside in Silver should be limited. Sideways to higher price action will prevail in the coming sessions. Reach out to me to discuss possible options strategies.