There's been enough stories written about silver lately to fill the Library of Congress. Well, here's a short story that's easy to read. It's called "A Tale of Trapped Longs." http://stockcharts.com Pull up a six month chart of SLV and take a look at the volume. It doesn't start to pick up until well into the move, and only really gets going towards the end. Those buyers are trapped and will be looking to get out on any rally. Now take a look at the snap-back to 38. Relatively weak volume followed by two days of heavy selling. Early buyers who still have a profit to protect? Could be. Somebody wants out, that's for sure. Maybe I'm wrong, but that's an awful lot of overhead to work off. I wouldn't hold my breath for a new high any time soon.