RE:SPSilver has rallied a little, but base metals are weak. How far can base metals fall? Possibly not as far as oil, but what if they only get beat up half as bad? That is still farther down than today's close.
Also, it looks like there is a good chance that the major averages are forming head and shoulder topping patterns, which usually resolve themselves to the downside.
The question I'm asking is what happens if the stock market tanks? Usually, everything else gets sucked into the vortex.