SLV (Silver ETF) has run into the solid 15.27ish resistance level with potential (but unconfirmed) negative divergence. While SLV could very well just power right through this level without looking back, I would put decent odds on a pullback here or following a brief momo-fueled overshoot before the next major leg higher. At the very least, the R/R to open a new long position in silver at this time is not very favorable. The first chart below is the daily chart posted on May 9th showing the impending bullish falling wedge breakout & rally scenario with the updated chart below.
SLV daily May 9th
SLV daily July 18th
I do not play to close out the SILJ (Junior Silver Miners ETF) Active Trade idea as that is both a Swing Trade as well as a Long-term Trade idea although I do believe it would be prudent for more active traders to consider tightening up stops on any SLV or /SI (silver futures) positions with nice embedded gains while longer-term traders might opt to ride out any counter-trend pullbacks.