Fit- my thoughts on SLW- it tends to lag SLV on the upside, then rocket past. It's almost as if SLV gives and early buy warning for SLW. In Oct, late Jan and late Mar, SLV started rebounding before SLW. SLW tends to start a little slower, but moves faster to the upside and the downside. The same is true with other miners, but SLW tends to be higher beta.
Playing the volatility can help if you want to trade around the edges. If you have dry powder, this is a good buying opportunity for SLW. If you're already long, just "sit tight and be right"... it should bounce back and follow the metal higher. --
Makes me think that next week will be very strong for SLW