The following chart shows the inflation adjusted price for silver going back to 1720. As you can see we are just off the all time historical lows that we touched in 2000.
Ironically this comes at a time when there is less above ground silver available than any time in previous history. Today there is currently 4 times LESS above ground silver available compared to gold.
Either the supply is going to have to change rapidly (mine production is currently falling) or the price is going to have to correct upward in the future.