Is It Time To GIVE UP On Silver???

I'm truly not much of a silver collector at all, I mean I have stacked some but I haven't bought much since around 2015. Most of the silver I have is vintage or boutique silver so I have no reason to give up on silver and sell right now at all. Just sharing the video for discussion, as the spot prices on silver of late have been sorry to depressing! Anyone?

 

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Buying opportunity?

 

Still a firm no for me.
When silver hits $16-$17 again, it'll become a buy price. And with those prices the premium will need to be back to $.79 to $1.49 per T/oz.

My total, all inclusive, all in price is no higher than $17.50/oz.

 

A few years ago silver could easily be had for around $15 look at it now im afraid those days are over.

 

It’s more common than the hucksters claim, so it’s been over priced of late.

 

That's an opinion I don't subscribe to. And IF you're correct, then no big deal. I just don't stack any more than I've got.

 

I'm not interested in buying at $17.50 if it's on the way to $15 or $12 again.

 

It goes up. It goes down. Currently it’s in a dropping trend. I’m not buying and I’m not selling. I’m holding. Be patient.

 

It hit $12 just last year, March/April '20.
That's when we saw premiums skyrocket to $6/oz. No thank you.

Again, my 'all in' price is a maximum of $17.50/oz. And I don't mean empty my investable funds to buy all I can at that price. I mean per ounce price, plus premiums, shipping, tax, everything inclusive, will not exceed $17.50. At that price I start buying again and dollar cost average as long as the prices remain below that price.

 

Patient? I'm as patient as can be. If prices don't retreat to MY buy in price, and I never buy another stackable bar or round ever, I'm totally fine with that too.

I do believe we'll see my price again, and it'll be in the not too distant future. Under three years IMO.

 

Silver always a good buy ! much cheaper then most every PM out there a great way
to store wealth on a budget

 

Yes, that's where I'm at as well!

 

It appears to me that premiums (markups over spot) remain very high - even higher with the recent spot drop.

 

I don't think Master swimmer is going to buy until it drops 17.50.. I have heard on here its going back down into the teens in a few years that was about 4 months ago and its starting its downward trend... or not?? I do cost averaging all through the ups and downs but watch the premiums ouch!!
To tell you the truth, there is not such thing as pure stacker. There is a small version of collector in all of us.

 

The premiums have certainly been high for American Silver Eagles. The prices have been $10 or so over the spot price.

 

Premiums always increase as spot drops. Sellers dont drop the price as long as people are still buying and when they do drop it its always very slowly.

 

Low priced silver is a good thing. When its down that means the economy in general is in okay shape.

 

I’m as patient as an oyster myself. I have enough to last my lifetime but if it drops then I’ll be more interested in buying. Some folks think it’s dropped enough to start buying. I still see it dropping so why even think of buying.

 

Definitely too high, way too high!

 

the premiums are too high.