Guys do you realize that SLW was at $36.38 (just a little lower than what we are at now) when Silver was at $36.00 about 5 dollars lower then it is now. We are about 12% undervalued relative to the Silver price. I'm VERY disappointed in today's pullback and lack of being able to at least pull with Silver 1:1
The pullback happened on all miner stocks as well as SLV, because it was based on spot pullback. If you think SLW got it bad, AG was 5% into the red at one point! SLW just amplifies what happens on spot, and AG amplifies it about three times as much as SLW does. So you get the good with the bad to an amplified degree. I think everyone is on edge waiting for a pullback after such a bull run this week, so the tendancy to panic sell is higher than usual.