Hi, I would begin purchasing HZU at any price at or below $5.00.  I do see that silver can drop to the $28 to $26 dollar level, but I would begin adding long term positions now and not try to get too cute with timing the bottom exactly.  I bought my core positions 10,800 units at $4.94 today, and I do realize that I am going to get whipsawed for $10,000 or so before seeing this $53,362 dollar investment turn into $270,000 with a target price of $25.00.  I do not know what your risk tolerance is, and if you like, you might want to wait until it hits $7.00 before entering so you can just capture it going straight up, or wait until it hits $4.00 if it will.