I like the clean Elliott Wave count starting from the Dec 2015 low.

5 waves up. A nice clean ABC correction. Then a 1 up, 2 down, 3 up and now 4 down (possibly completing) Then another 5 impulse  wave up.

If this plays out we could see a reversal to the upside soon.

SLV - Primary Analysis - Jul-20 1609 PM (1 day)