Today gold and silver prices are rallying sharply with both metals closing above their 15-day and 45-day moving averages. This most likely confirms that both started new medium-term cycles with their lows on Feb. 14 and are bullish. Let's buy silver today with a stop loss at Wednesday's low of $22.28. Gold's surge up was very strong, so I am going to wait for it to back down a bit before buying - perhaps early next week.