Perceived channel looks like it might be worthwhile to buy a couple of puts to take advantage of this potential. Preserve cash in case we do get down to 16. Chances are that physicals might not be available at those low prices. If they are, How I'd love to buy physicals for under $20! Those were the good old days. But maybe we will see it again.
@dsnoland1, Don't get too compacent, the channel is still intact in XAG. I agree though. Nice move. One would expect a breakout but it's still uncertain what is going to happen with the election and further economic stimulus.