A lot of the post-2008 charts are, frankly, useless for the time being. We need to wait for the new macro-trend to develop (what I expect will be a macro uptrend), and that won't happen overnight, so my posting will be sporadic for awhile. All I can point you to at this time are the very long term charts and moving averages, which reveal fundamentals-based growth patterns that shine through the miasma of short-term manipulation and frenzied speculative bullshit.
But, since you ask, the likely short-term scenario, assuming the ship doesn't keel over entirely, is a bounce followed by one more scare. Check the CCI indicator on the gold chart: when it gets this low (currently, -250), there's always another shoe that falls. Also note the (Fibonacci) 377-day MA (blue):
. . . similar to the 89-week MA on the weekly chart (black, dotted):
And the 21-month MA on the monthly chart (green, dotted), where the correction thus far looks like mere noise
(and exposes the amateurish gloating of naysayers like Roubini for the fearfulness it is. Were their interests and egos not on the line, they wouldn't be talking such amateurish smack while the game's still in progress).
I still expect $1550-70 to hold.
The fact that silver has been down an almost unprecedented 13 of 16 trading days (with only marginal up days in between), yet still hovers around $29 is a very encouraging sign; it probably confirms that the ultra-bullish picture you'll hear from The King World Crew™, while undoubtedly inflated by book-talking hyperbole, is nonetheless based on some strong fundamental truths, and that a move to the $22 level (red circle) may not be in the cards. I'm going to stick with $27.50 coinciding with the gold low.
Alright, I'll be back when the fog clears up a bit. Till then, any specific inquiries on where we're headed should be directed to Warren's secretary, who has Bernanke on speed dial, or Louis Cypher, provided that Dimon, Blankfein, Masters et al. have forgiven him for the aye aye heads they regularly find in their beds.