22.10 would be a good area today to take a stab at a long (position). SLW starts getting cheap under 21.50 but I don't think it will get there unless silver breaks towards new lows at which point SLW would probably break down towards the 19 area. As long as you hold a short in silver then you can accumulate SLW along the way.
Short interest fell again in the first two weeks of March as suspected with the run up to 27 blowing them out. Hopefully we will see short interest start to climb again now that we have sold off. The shorts create covering bids under the market and are actually bullish in the longer term.
Anyways, just flipping small positions around in here until a good position point reaches. I will buy again at 22.10 on the day and roll calls higher at 23.50. Other than that, not much to do but watch the metals charts for some support and hopefully some action one way or the other. A close in Silver over 19.85 would be a start, but obviously back over 20 should be the first goal. GLTA