In many developing countries where gold and silver are so important almost every function in the house is related with it , the dieties the important utensils , earrings and other ornaments , these precious stones are always over the top.
Now the recent survey shows that silver is loosing ground due to cryptocurrencies, and these precious stones are now getting cost stabilized.
What you think is it a good or a bad news ?
Well personally I think it's a pretty good news more and more people will be able to afford it and also I think these precious metals are over valued so it's doing good that it's somehow getting their value down and establishing it's own place.
Silver is a very useful metal, so if you can, get your hands on some while the price is still very cheap, basically you need to do the same you do with cryptocurrencies, you need to take a position early so when the bull market finally comes you do not buy at high prices, now about whether this is a good thing or not, I think this is a good thing since a lesser interest in silver means cheaper prices and that is always good for the smart investor.