Silver had a good run, now it's time for what they call a fibonacci retracement. A quick look at the 1 month chart, my guess is that Silver should retrace back to 'somewhere' near the $16.80 mark, and if the price moves higher from that point, to pass the recent $17.80 price, then it would appear the bull in Silver has started. But if the price plunges down to $16.00 and heading lower, then the bull market hasn't started in Silver.

We will know soon enough.....