And what about the silver miners?

I follow three silver miners. Here is the graph of their behavior:

The top graph is Great Panther. It has been in a "sucker rally" since January. This last Friday, it advanced 20% on nearly 3M shares. It has roughly doubled since its low point.

The second graph is IPT.V or ISVLF. The stock shows a double bottom then breaks out in January. This stock has corrected severely on the news that the company would shut down the silver mining operation at the Capire site and process a copper/gold mix instead. Those in the know pulled up the trucks and loaded up last Friday.

The last graph is FSM, (Fortuna Silver Mine). Note that this is a weekly chart and plotted on a straight number scale (rather that logarithmic). Here we see a triple bottom before the stock broke out on the Upside and began to rally at the end of last December. Interestingly, the stock rallied in 2012, but that rally was quickly squashed. The rally in 2012 was about 2.5 as is the current rally. Note also that the 50 DMA crossed below the 200 DMA between the two double bottoms and that the 50 DMA is beginning its upturn.

I can only pass on the quote from KWN: if you endured the pain, enjoy the gain.