I find it a small encouragement that SIL, PAAS, SSRI and SLW all closed down around 2% on a 5.25% decline in SLV. We are far from out of the woods, but this orchestrated takedown in Silver over the last two days has created an opportunity for those who either shorted or sold these silver entities and others around the open on April 11, 2011 to buy back their shares or cover their shorts for a nice profit.

Must be nice to make a trade probably based on the belief on April 8/11 that $40 silver would be a top, be very wrong about that as Silver streaks toward $50.....but still make out nicely on the trade. Great gig if you can get it......