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Monday afternoon I shared in the chart above, that Silver has reached a percentage gain that often saw it run out of gas (see post here)  The following day gold lost over $40 per ounce and Silver gave back almost 5% in a single day.  See below for a an update of what is happening to Silver stocks.

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This breakdown in silver stocks would suggest that Silver is now embarking on a decent sized correction.  This is key to the metals complex because as seen in the 4 pack below, industrial and precious metals are up against resistance and important fibonacci levels. (see metals challenge post)

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I shared on Monday, protecting gains is a pretty important strategy.  I remain of the belief this is a good idea.