These are both starting to get extended a bit, and also coming close to overhead restistance. Gold has a resistance level around 418-420 from 1996 which we are approaching. Silver is coming up close to the $6 psychological level, so I'd expect some resistance there too. Silver is also a bit extended, having rallied over 100 cents in the last 2 months, and is now poking above the upper 2 SD Bollinger band and well above the 50 day moving average. Silver has also had a spiky day up today in thin trading, which I suspect is shorts getting somewhat squeezed during holiday trading. As a result, I think now is a reasonable time to take some profits on Silver positions. I am still holding core long positions for the longer-term, but selling off some now to book good profits and reduce risk seems to be a good idea. I think the chances are that you will get an opportunity to buy them back, say around the 5.45-5.65 level. At worst, if the market runs away from you, I think the next pullback should carry the market back down to where we are now. Gold is not so extended so I would hang on for now and wait and see how it reacts around the $418 level.