A very self contained chapter as it only focuses on really one fight or situation. But that is okay, we can get to the other fights later. Disappoined Lucy again gets owned and has to be saved by first Gray and than later Natsu.
The most interesting part for me was Keith saying Gray is Silver's, so Silver is Gray after all, unless he was going to say your Silver's past, which I doubt.
The girls again get caught by Franmalth, and Natsu has to save them again as Wendy and Charles get away. Dam it Lucy can't you do anything. Funny part is when they say we have to save Mira, and really it is Tartarus that needs the saving from Mira, so don't worry about Mira.
Farnmalth while he is showing us his true strengh, I agree with Wendy, Natsu will take care of this guy, they messing with E.N.D. maybe.
Anyway good chapter, we got more development on the Gray / Silver connection, looks like Wendy is going to be the big hero, just disappointed in Lucy, dam it Hiro, let her kick some butt. Natsu is going to beat E.N.D., so let Lucy have this one, Natsu is such a glory hound. Maybe Lucy can beat up that Lamy girl, if Mira left enough of Lamy to beat up.
I figured out Gray's relationship to Silver. What Keith was about to say was that Gray is Silver's father's brother's nephew's cousin's former roomate. Mystery solved.