All markets have started to correct including Gold and Silver. Let's see if we can analyze trends to find entry points for the precious metals. I should note that If you have little exposure, any time is a good time to buy physical Gold and Silver simply to protect yourself against financial apocalypse, even if the possibility is remote. Simply view it as an insurance and one where you are likely to get your premium back !
First, let's have a look at Silver which have been correcting since April 2011 after nearly hitting 50 USD. (Charts: Boursorama.com)
We can clearly see a descending channel since April 2011 and if the trends continue, we should see Silver close to 25 USD where it should be another good time to aggressively add to your positions.
Now let's see a longer perspective with a 15-year logarithmic chart.
Now let's have a look at Gold with a chart between October 2010 and March 2012 which shows Gold peaked in September 2011 and have been correcting since. If the trend continue we could reach about 1500 USD.