Precious metals have been hammered pretty bad over the past 9 months or so as evidenced by the chart below.
There is certainly an argument to be made about not catching a falling knife. However, I see some support coming around the 16.80 – 18 level, which also confluences with the 78.6% Fib Retracement of the last significant move up.
Looking to sell some naked puts. If price rallies or stays at current levels you can pocket the premium. With a premium of 32c, the BE point is 16.68 (if prices decline, you can own SLV at that price). The other option is to close out the position.