Yes, one day it will rally as it can't go to zero, and if you can't resist jumping into the bullish camp, call option purchases which entail minimal risk and maximum reward possibilities are the only reasonable path to pursue. Technical signals are oversold and if currently short, take some money off the table as there may be a small corrective bounce in the works. However, the trend is lower so remain bearish until two consecutive closes over 280.4. Silver was quiet today as it slumped a bit lower, with September finishing at 491.8, lower by 1.7 cents. Silver is now below the bottom of the recent 4-month trading range of 495 to 520 and it looks like it wants to keep drifting lower.
Technical indicators are bearish and prices are now below moving averages.
Congestion in the 496 area is still resistance.