Why is 999 fine silver so inexpensive right now with the plunging dollar?

Question

Will silver prices go even lower in the near future, or is there a slight chance that silver could increase in value?

Answer 1

Silver is often regarded as "the poor man's gold".  This is not the correct way to look at it.  Silver has many industrial uses in which supply and demand affect it's value.  It is not the simple inflation-hedge/store-of-value that gold tends to be.

Answer 2

When the dollar drops people tend to load up on precious metals. Emerging markets want these metals too to build their infrastructures. Both cause the price to go up.

Answer 3

My rationale is that if the dollar is plunging, then commodities would be worth more, especially gold, silver, copper, etc!!!