I'm already in the silver buy, but if it drops to the 88% fib, LOOK TO BUY. Silver is dirt cheap and is in a swing pattern that will need to go up. It has been chopping down for a while. It can keep dropping, the cheaper the better.... LONG TERM investment though, very long term. Trade management is key. Take your buy setups, scalp and let some run, Even scale in if you are small and patient enough (If you have the capital). It just doesn't mathematically make sense for them to allow it to drop to those lows, then everyone will just buy it......... Is silver no longer a useful commodity?.. As long as people can trade it, it is. Not to mention other aspects such as production costs and supply and demand. And its price action is telling. My point is, even if it drops really low, it will have to shoot back up. And if the stock market is so overbought, then where do investors put money? Safe havens, such as Gold and Silver, with Silver being dirt cheap.... Pattern wise, you can get some serious upside over the course of a couple years.