I can't help but think that silver and gold prices do what they've always done. Hold their own. Yes, they can gain a bit at times like these, but they can also lose that same bit in the next breath. Just remember when you're looking at the charts that spot prices are now controlled by the Big Traders. The ones who trade thousands of stocks in a blink of the eye. Then buy them back just as fast as soon as the price is low enough.
It's no longer just about the US, it's about Japan, China, Europe and all the rest of the world. Big players. So, in my mind, spot prices don't reflect a total reality. Not that we shouldn't be mindful of prices. Just that with spot prices controlled by the big guys and not the US dollar, we shouldn't ever see prices drop drastically and stay there. We're global now, baby.