Pic and I both agree that silver will have its day. He thinks before the end of the year...I think in a few years. However, I do agree with Pic that the window for actually acquiring the physical at cheaper prices might close very, very quickly. If you are looking to take a position in physical silver, don't mess around...these are great prices. If you are looking to add to a core position like I am, I think prices will bottom around $20-$22. I've thought this for a while, and I think the charts tell the story. Prices will not be there for long, however, and the physical supply might be exhausted at that point...so proceed with caution.

This article tells the story:

http://www.silverseek.com/article/silver-following-its-1970s-pattern-10901