Silver futures have been very quiet the last few days and this is usually a sign the market is about to make a large move. Gold has also been fairly quiet and it can't seem to decide what it wants to do. Eventually, one side will win the battle and the market will make an extended move.
You can see the consolidation on the silver chart. It has come to an apex and a breakout is imminent. This pattern doesn't always mean the market will breakout strongly, but it happens more often than not.
The silver market has been trending higher for nearly two months and this consolidation would put the odds in favor of a breakout higher. Silver could move to $33 in a relatively quick amount of time. A downward breakout could put silver a $30 fairly quickly. One of the common trades with this type of setup is to buy an option straddle, where you buy both a put and call at the money.