Silver has been one of the most hit assets in the current bear market which started earlier in the year. Currently, Silver is down about 35% from the top, but at one point is was down as much as 48% after peaking at almost $50.
As recently as a month ago, the famous technical signal known as a "dead cross" occurred, where the 50 day moving average crossed below the 200 day moving average. This type of signal is used by some traders and investors as a negative sign of further price falls. The recent high was just shy of $36, while the recent low was at $26. We are now sitting at $31.50, which is just about smack in the middle. So tell us what you think of Silver by voting in the new Survey Poll and by leaving a comment.
[Update on the poll results]