Silver tied to gold tied to the $. $ is stronger gold is weaker and silver is weaker. SLW results did not meet expectations in part because the price of silver went down and the profit margin decreased. like most events in the market there is an over reaction to good and bad news. Silver is a critical metal for industry as well as a store of value. Average down. alt sell puts and buy it cheaper down the road depending on your situation. I sell puts. so far my average price if its put to me is where it is now. If put i will probably sell calls.