What's up with Silver?

The SIlver ETF, symbol SLV, is at a critical juncture. It is very close to its support level and 200 day MA as well as below its 50 day MA. I have posted 2 charts of SLV, one is a 6 month chart and the other is a 3 year chart. I have drawn support levels and importantly on the 3 year chart it is about to break below the uptrend line, even though today it was up slightly. I believe as the market goes lower so will Silver. Silver is not Gold and that is important and while they track over time, when SLV starts to decline, it declines much more rapidly than Gold. Therefore my play here is to buy the ETF Ultra short of Silver, symbol ZSL as it is a double the movement of Silver and in the opposite direction. If Silver goes up 1%, ZSL goes down 2% and if Silver goes down 1%, ZSL goes up 2%. This is something worth watching and tracking into the Fall.