Watch OIL/USD, if oil continues to drop and USD continues to rise which I highly expect then Gold and Silver will gap down to the 200 DMA. If the market starts to believe QE2 will be the end of the Fed injections, you will have a panic selling.
Oil prices indicate where consumer prices are going. If oil goes down so does the fear of inflation. If the fed ends injection with qe2 then the dollar will become strong, which will end global inflation.
I believe investors need to short the hell out of gold and silver because everything I wrote is about to happen.