Why it makes lot of sense. It is a typical bear market behavior, i.e. a sector caught in bear trap while rest of market moves forward. By the way, it makes clear distinction from 2008 situation (there are messages around these boards trying to claim similarity with 2008).
Bear market pays tremendous attention to negative factors and discounts positives. It can even create some misunderstanding, i.e. a person unable to understand negative factors can easily decide that it is just a big conspiracy, i.e. stocks go down with no any rational reason; they are just suppressed by mighty forces of “unknown” (substitute depending on personal tastes and/or political affiliations) origin.
This situation can be frustrating only if you got caught in the trap. Looking at this from sidelines is less frustrating, though it is not easy to get out of the trap and, even if it’s done, not get trapped again.
i dont blame you for not buying a ticket and staying on the sidelines i started buying at 13.3 and may have been a little early but i think this stock is putting in a bottom and could spike later in the year there is not reason to think the demand for silver will shrink in the near future