SLV's sudden sharp drop during September of 2011 was contained by its 85 week simple moving average, The 85 week simple moving average also contained the January 2010 silver price decline.

I'm watching SLV's 85 week simple moving average with interest. It currently sits at $28.74.

AUMN's 85 week simple moving average is $15.46. The 85 week moving average of the AUMN:SLV ratio is .55, which would put AUMN at $17.08 per share with a SLV price of $31.05.

Following are Market Capitalization per Ounce of Silver Equivalent (MCpOzAgEq) for several Junior Producers:

AUMN - $.66

GPL - $11.14

AXU - $8.59

FVI.to - $5.92

P.to - $1.00

RVM - $.28

IPT.v - $11.16

The average for the 7 shares above is $5.53. If AUMN had a Market Capitalization per Ounce of Silver Equivalent (MCpOzAgEq) equal to $5.53, its share price would be near $53.00.