Silver Is Back Near $60. Are You Buying, Waiting for $50, or Staying Away?

Silver is back near $60 after falling almost 5% today.

It is now roughly half the January high, but it is still well above where it traded a year ago.

The long term arguments have not disappeared. The market is still expected to record another annual deficit, mine supply is slow to respond and most silver is produced as a byproduct of other metals.

The short term setup is much less comfortable.

Oil is rising, inflation concerns are back, bond yields are moving higher and markets are pricing the possibility of additional rate hikes. Silver has also repeatedly struggled to hold its rallies since the January peak.

So what are you doing at these prices?

Buying physical silver Buying silver miners for more leverage Waiting for a move closer to $50 Staying away until the trend improves

I am especially interested in what price or market signal would change your answer.