Somehow I don't see the selling stopping in silver until the 200 dma (at about $28) is met or exceeded. Everybody is looking at the same charts. Personally, they never seem to stop until until I've freaked out anyway.

Bob Hoye called it pretty well on April 19th when he said:

Both silver and the silver/gold ratio generated upside Exhaustion Alerts as of April 8th. It would be normal for silver to now peak relative to gold within five trading days (April 15th), even though both metals should continue to step higher for up to three weeks.

http://www.321gold.com/editorials/hoye/hoye041911.html