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Silver (XAG/USD) - Consider Selling on the Current Rally

Silver (XAG/USD) is showing is bearish signs in the 4H chart:

(click to enlarge)

1) Price has fell below the 200-, 100-, 50-period SMAs
2) Price has broken below several rising support levels.
3) The RSI has pushed below 30 and held below 60 for the most part. 

With that being said, we did already see a 38.2% retracement. But what if the market is not done. There is further downside risk in the short-term toward the 50% retracement level around 20.10, or even the 61.8% retracement at 19.76. We can also consider a target in the middle of these two key retracement levels, around 20.00. 

Let's say the current rally extends slightly higher. We should consider selling around 20.90. A stop loss above 21.28 might be prudent. Let's say its 21.35. That gives us a 45 point risk. With a target of 20.00, we have 90 points of potential reward.

This is a 2:1 reward to risk trade set up.