After scaling out of the short SLV last week for a scratch trade, today we re-entered on the short side. See the analysis from earlier today here: http://steadytrader.wpengine.com/a-look-at-silver-after-last-nights-crash/
After SLV gapped down this morning we went short on a 50% retracement of the open gap, at 44.98. Today's earlier low near $43.50 will be target 1 (T1).