On the 1-year chart we can see that after breaking out of the strongly bullish fine Cup & Handle pattern, silver made a fairly rapid run at the important resistance level in the $16.00 - $16.80 zone, arriving there in a critically overbought condition, as shown by the RSI indicator at the top of the chart, so it is hardly surprising that it has reacted back over the past several weeks. We anticipated this reaction and sidestepped it , which is just as well as we can now buy back both silver and big silver stocks, some of which are about 25% cheaper after the reaction.

Two good charts and more analysis at;

http://www.24hgold.com/english/contributor.aspx?article=2139534450G10020&redirect=false&contributor=Clive+Maund&mk=1