People panickingInvestors, we are in the early stages of a new bull market for precious metals which of course includes silver. We have a long way up to go from here before its over which won't be for at least 2 yrs. Those that bought in SCZ yesterday when the halt was lifted as it started the day at .29 cents and concluded the day at 35 cents were smart. Those selling today in mho were not. This retracement in silver will likely be short, probably only today, then off to the races again. The metals are overbought for sure and in a normal market probably would require some consolidation to continue, but this bull market that we are in the midst of right now may well prove in hind sight to be the most bullish in history as all the fundamentals are in place right now. In essence the perfect storm for much higher prices to come. all of the mining juniors are way undervalued stiill when compared to the price of gold and at some point there will be catching up.
My advice is to sit tight and ignore the volatility. To panic and sell now in this type of a rampant bull market at these prices for junior miners is often learned to be a mistake. I know because it has happed to me before. And my advice to you is to be very careful to try and trade in and out because you can often be left behind waiting for a pull back that doesn't come.
Robin