Here's a look at Silver itself after today's close. SLV is a decent proxy but one should take their primary cues/signals from the Silver chart when trading that ETF.
Silver targets: 38.2% retracement - $38.97, 50% - $41.03, 61.8% - $43.09
A final target/possibility is a 100% retracement back to test the April highs...a double top leading up to QEII's anticipated expiration perhaps? I guess we'll see soon enough...