Silver price in a collapse

[travis]

Thanks for the site, I appreciate your hard work.
I am interested to know your thoughts on the price / value of silver in an economic collapse. In many of your videos you mention that in times of trouble people will flock to tangible assets like silver, gold, etc. That being said, how can we account for the fact that in 2008 the price of silver dropped to $9? According to silverinstitute.org and others, the main usage for silver is for Industrial Applications and this accounts for nearly 50% of silvers usage. This being the case, could we not see another drop in the silver price similar or worse to 2008?
While I am going very long on metals and I believe that silver/gold will protect my wealth what else would you suggest I do to protect my wealth in a End-of-Fiat situation rather than have all my eggs in one basket?
Thanks