with the american market closed, it's difficult to assign much importance to the lighter volume of trading in canada today. but it is worth noting that even with the price of silver down, most of the quality silver shares were up:

silver standard + 2.5%

pan american + 2.3%

first majestic + 0.8%

esperanza + 17.5%

silvercorp + 5.7%

conversely, the big gold stocks (goldcorp, kinross, yamana, agnico eagle) were all down. so it's nice to see the shares outperforming silver, and silver outperforming gold, both of which could signal better things ahead.