
It's been a turbulent start to the year for the major market averages, with the Nasdaq-100 Index (QQQ) down nearly 10% from its highs and the S&P-500 (SPY) also in negative territory for the year. However, one asset that has held up quite well among the volatility is the price of silver (SLV), which is down just 2% year-to-date, massively outperforming most other assets/ETFs. This relative strength is a positive sign for the metal, as is the fact that last week's pullback has put a significant dent in bullish sentiment. Let's take a closer look below: