50.56 represents a double bottom on the weekly charts in the JJG ETF. If this level is given we expect to see 48.60 for a start. This is a price action look. You have to ask yourself if the destruction in basically everything ( stocks,metals, oil ect.)  is through? Price action below the present daily lows in the Silver ,OIL and S&P are needed for further downside. A close for the Silver under $35 will not be positive. It’s still early in the day