Keep in mind that there is risk of loss in all trading. A month or so ago silver had rallied on the coattails of gold, and with its fortune tied so closely to gold recently, the gold drop pulled silver under as well. In either case, both metals appear quite weak and the trend for the near and long term is lower. Longer term downtrend resistance near 470 proved to be a major impetus for advancing prices a couple of weeks ago. Look to 450 as nearby resistance, also keep an eye on the bearish head and shoulders pattern forming, which would indicate a break to new lows.
Indicators are bearish, prices are below moving averages.
Keep in mind that there is risk of loss in all commodity trading.