Wait for SLV to trade thru 17.57. Then you will likely be able to hold short for a new 52 week low. Play for the $17 strike as it's the first "obvious" target on this 10 day chart.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=slv&x=38&y=16&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

Next one is 16.60 to 16.70, that trendhigh set the Tue before this past one. SLV $17 puts for Rocktober expiry at .39 on the close. "If" my 17.57 target gets taken out they will be more likely at about .20. That means SLV only needs to trade to 16.80 by Rocktober 20th. A move to 16.60 means you at least double your $$$. And if the drop comes "fast n furious" like I expect it to...it's more like a 300%+ gain. I don't plan on stopping at SLV 16.60 either. The lowest "nonconfirmed" low I have logged in for SLV since I have been tracking it for trading is 14.43. That means you net in excess of 1000% on the trade if SLV gets there by Rocktober 20th. Oh, you are actually spewing about my losing SLV trade. Yes, that trade for Aug expiry was a loser and I SIRIously doubt I can hold off the collapse until 9/18, which would be the earliest I can enter a new short and still write off that loss. I don't "haphazardly" eliminate the ability to write off a loss by jumping back into the same losing trade within 30 days like Greg does as a matter of course. Thus the reason why I am concentrating on the mining shares this time.