I don't think the move in silver is over yet but I don't buy all the hype either. Seasonally we should be in a strong period for the PM's until the end of April. At that point they will likely take a bit of a rest.

The real problem with the current market is that it is all artificial. Completely propped up by money printing. Any investment in the market is really a bet on what the fed will do. This is going to lead to an increasing amount of volatility until it is clear if QE2 ends in June or is extended. The economy is not strong enough to sustain itself and no one else but the fed will buy the treasuries.

Interesting times coming up.