Silver has fallen close to 20% in price recently.
It is also above the record it set when it broke up through $40 less than a month ago.
This is the biggest pull-back of the past 12 months (the top four drops were 7, 12, 12, and 13%). This is an ideal buying opportunity. Of course, buying on the drops is always scary, which is why so few people actually have the stomach to take such conventional advice.
In 2008, there was a 57% drop, in the midst of the 10-year silver bull, so don’t think that 16% is scary.