before they all bounce back. There is just no way they can stay down LOW for long. Buying orders have been pouring in for SLV. Even IAG, AUY and GGN started rising back. I cannot guarantee they will not sink again, but some of them had approached oversold territories. It just does not make a lot of sense to see the market rise, interest rate rises and precious metal sink.
Do not be scared to buy GOOD gold and silver mining stocks/funds that you understand. Ignore all these gold and silver bears, focusing on the long term. Yes, I would not buy GLD because it is very iffy. I would rather own and hold FCX, AUY and IAG, GGN, in that order. FCX may be the best among these because it covers both OIL and GOLD (plus some copper).
I really believe silver is cheap comparing with GOLD, and it is an industrial metal, therefore if China continues to do great, especially with its solar energy and US is truly on a recovery, I just cannot see SILVER stays in today's price after 12-mo. Any price close to or below $19 for SLV is terrific buy, IMHO. I believe in what I said and that was why I double my SLV position today.