After nearly three months of moving sideways, silver is near the end of its correction. The probabilities point to a further drop to the $18 level; but that should be a temporary phenomenon as silver presses onto new highs.

Based on the notion that markets will rhyme rather than repeat, I present a scenario in which a decision has to be made by silver investors in the near future. That decision is whether to hold onto silver, sell some of it or sell all of it.

Silver has seen strong buying in the retail sector as investors snap up silver eagles and similar bullion coins. Likewise, the silver ETFs as a group are near record levels.