this article is by adam hamilton of zeal intelligence. he concludes that silver has been dragged lower by weakness in gold, and that gold will have to move higher again before silver does so.

The bottom line is silver has indeed been slaughtered. It hurts. But despite unbelievable technical carnage, silver's plunge was not unreasonable given the size of gold's own selloff. As a highly-speculative asset even in the best of times, silver's poor performance during a peculiar panic episode when all speculations were shunned should not be too surprising. Speculators simply abandoned it.

While extreme times can drive extreme price levels, realize that financial panics never persist for long. While silver probably won't hit new bull highs soon after rationality returns, its fundamentally-driven equilibrium price is probably up in the mid-teens at worst. That's much higher than today's levels! As financial-market confidence returns, and gold's bull resumes, silver's crisis of confidence will end too.

http://www.safehaven.com/article-118...