A lot of different things going on in this chart....I've seen that some think Silver will dip down to $22, a major support and then rip again from there. Some say that it may consolidate more at these levels and then enter wave 5. Be careful here.
Support seems to be @ $2.54, this stock has been trading sideways for months and if history is to repeat itself, it looks like there may be some upside in the short-term.
Apply proper indicators/oscillators to form a trade.
This is not financial or investing/trading advise.