Most likely gold has held up better than silver due to ongoing tensions with North Korea and the ever present conflicts in the Middle East. June gold failed at $1300 two weeks ago but has only retreated to $1255 so far. Still lots of instability out there and it's my belief Gold is a great buy for 2017 no matter what the outcome of this short term trade.
I think this looks like a point to jump in with a long. Market has taken a hit but is still likely to push upwards from here. Nice R&R.