Where silver is trading today represents a 35% decline from six months ago – which has led many investors to bail on the white metal in 2013.
Silver prices hovered around $22.78 in trading today in New York, almost $10 lower than where they started the year.
For more detail on what's next for silver, we asked Money Morning Global Resources Specialist Peter Krauth what investors should make of where silver is trading today.
While Krauth remains bullish on both silver and gold over the long term, he does see prices possibly falling a little more before a reversal.
"I do believe that most sellers have exited silver – but not all," Krauth told us Monday. "Since I'm still bearish on gold for the near term, I expect silver would simply follow gold down on any weakness."
Here are some reasons silver prices could dip into the high teens before bottoming.