With silver around 36.22 would mean another down day like today could be that overshoot that you are expecting. That could nicely align with SLW around $35. You really think silver is in for more speculative play?
I work 1 day a week in a coin shop, up until last week the public was buying gold and silver bars,coins and anything thing that shines! now there has been panic selling! Many don't want to lose there gains. Others over extended there buys of the metals, (knowing the easy money was still ahead)? 5000 gold 100 silver! now they pause! I would love to forecast prices but with emotion as the main driver of this supposed store of value. I like the fertilizers, Hal,Rig most soft commodities, many of the drillers and the energy space in general! Fuel and food will be my reason to invest for the rest of the year! still mostly cash 67% will start picking away at the above if we get a little better pullback from here!