I remain a silver bull, I think it is a great time to be accumulating here at around $29 - $30. It is possible that we see $25 before we see $35 again, but I am not bothered by that. In the long run Gold and Silver seem very cheap at todays prices when compared to what is going to happen to the USD, Euro, GBP and all other Fiat currencies. The debt situation in the US, Europe, UK and Japan is so bad that it is impossible to see any way out of it except for printing more and more money which ultimately will drive gold and silver much much higher. How long this takes, is anybody's guess. At some point the US and European debt will become unservisable without another round of massive money printing.
The silver market has been manipulated for years by JP Morgan who have a massive short position (do a google search JP Morgan...silver manipulation to get the whole story). This has meant that the price is artificially lower than it should be. The price of silver should be higher in relation to gold, and probably would be if the market werent so manipulated.
Another factor to consider is the cost to mine silver. Lets say the price does collapse, it will get to a point where it is not economic to mine the silver. The cost to Mine silver in North America is normally upwards of $12 and can be as high as $24/ounce for smaller mines. If the price of silver went to $20, you would see a major shortage in supply as mines stop production. This would or should in theory put a floor under the price.
So I see silver as a pretty good buy here for these reasons.