Due to the high monetary issue of the USA, silver continues to be a very attractive asset.
As we can see, the price has a double support, the 0.618 Fibonacci and the 100-period moving average (the blue line). When touching with this double support the price shot upwards, which could indicate the beginning of a new uptrend or a brief lateralization, but it seems to show a great reluctance to continue falling.

By charting a Fibonacci extension, we could put the target at 0.382 as the easiest target to hit where price had other supports that could now help sponsor resistance. The 0.5 could be another target to place as a take-profet, this being much more difficult to break to the upside.

The opportunity here is a purchase with risk 1, profit 3.5
Placing the stop-loss slightly below the 100-period moving average, and the take-profit marked with the green line at 0.382 Fibonacci.