Silver has had a bad run of it.
After climbing from below $10 to almost $50 from 2008 through 2011, silver has dropped by more than 50%. Heck, it is down 35% this year alone.
It has fallen so far so fast, we are back near the 2008 highs.
It is trading at $21.69 as I write this. This is very close to the production costs of miners.
A contrarian investor believes you should zig when the market zags. After all, if the herd has sold, then everyone left must be buyers. And when the herd comes stampeding back, we’ll be more than happy to sell it to them at a profit…
— Wealth Daily