It you are waiting for 69 to drop to 1500, and bought a 68, don't you think at that time 68 will drop to 500 ?
Also, Thor122 - I though people are expecting price increase over longer term, not a drop in price ?
My take is that these do not drop that far. Silver and Gold prices are a correction at the moment, not a trend change. Based on indicators so far it is not going to collapse like many people are expecting. In fact, I think the bottom has been set already, and tested thrice - it goes up from here.
Here is evidence to my statement:
http://stockcharts.com/h-sc/ui?s=$SILVER&p=W&b=5&g=0&id=p45398620185
Silver needs to break below 26.15 with volume to breakdown. The current hammer reversal does not support that either.
On the other hand, I think a stok market breakdown is coming, whereas many people think it is oversold:
http://stockcharts.com/h-sc/ui?s=$INDU&p=W&b=5&g=0&id=p43946840360 - I expect Dow Jones to retreat to 11500 at least before recovering.
However, all we can do is make educated guess - at times far from reality :-D