EXK down big on more than twice the daily volume. So have all the weak hands as well as many usually strong hands left the market where only buyers now roam? Time will tell. At least the price of silver has blipped up a tad bit!
for capitulation to occur with regards to sentiment you usually see a high volume selloff making a new low followed by a sharp reversal on high volume going green all in the same trading day. it doesn't always happen this way as sometimes it is news driven. i thought gdx 31 would hold up and it crushed it without any support. looking at the charts we haven't been this low on the gdx since the crash of 2008. which leaves a lot of uncertainty with where the gdx support lies. anyones guess is as good as mine. i would assume exk would bottom the same time the other miners do.