Specifically in terms of technical analysis, it was expected for there to be a retracement to the low 20s for Silver and mid-low 1800s for Gold, but that those would end up setting the support level for the continuation of the long-term bullish uptrend - have a look at Chris Vermeulen's (from TheTechnicalTraders) work; he has been accurate with a lot of his calls/levels and has been saying exactly this.
SVL chart, page-1099
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Open | High | Low | Value | Volume |
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75 | 3788978 | 0.100 |
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3 | 150001 | 0.097 |
Price($) | Vol. | No. |
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