Just to clarify, that's the price of Paper Silver which actually is now IRRELEVANT.

The only real price of Silver is the Physical Price which is what it takes to buy it and put it in your hand. For example if you want to buy less than 20 Silver Eagles from APMEX that Physical Price is right now $99.12. Or a 1oz Bar for $95.04.
THAT'S THE REAL PRICE.

The paper silver price is meaningless, because the big banks engaged in fraud related to their silver contracts to the tune of hundreds of billions EACH overselling silver that doesn't exist and they are in so much trouble for that Criminal Fraud their Execs are probably facing life sentences in Leavenworth if they don't rectify it in the next few weeks, so soon we'll probably see the Physical Price outrun the spot price by multiples. That's just my opinion. They are sinking.