Silver Is On A Tear Today

With the 5 year worldwide silver deficit, companies and countries are scrambling to source ‘The Devil’s Metal’ Speculators are the frosting on the cake that make the peaks and swirls
Can’t just wave a magic wand or make a decree to make it so.
Gonna suck the premium from many of the remaining coins we own and love. Already has

 

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A lot of people are turning to collect silver as gold is out of their price range. It’s over $4200 an ounce and climbing. Silver is much more affordable.

 

Not sure I agree, just because both metals are (effectively) infinitely divisible. Gold's still only about $135/gram, and one-gram "bars" (flecks) are widely available. And if that's too steep, it's still under $10 per grain.

I'll grant that it's easier to find silver in smaller value chunks, and silver probably still carries lower premiums as well. Even folks who can't afford $55-60 for a whole ounce of silver, or $40-50 for a silver dollar, can still afford a silver dime or two.

 

Solar panels alone consume 20% of the total globally mined supply and that is expected to double to 40 % by 2030. Just solar panels nothing else. That's nuts.

 

Are there fewer buyers right now with the market so high? The only thing with these high sliver prices dealers wanna pay like $8 under spot when selling and I only see it getting worse A FEW weeks back when spot was still 50, guy in the shop there said generic anything is 58 and 59 if i want an ASE.

 

If you are still paying wholesale and above for silver. Find the guys that buy right not the get rich quick guys. Weee out there. I Keep looking around.
No body is making money with these high prices to speak of

 

Demand for silver is up and growing and supplies are still down. It’s been that way for over 5 years and growing worse. That’s why silver will continue to go up in price in the near future.

 

Work's been going on for years to replace silver in solar cells with cheaper alternatives. The higher silver goes, the faster those alternatives will penetrate the market.

Not to say that solar demand growth won't continue to drive silver demand in the near and intermediate term, even with US policy makers striving mightily to suppress renewables. We aren't the whole global market.

 

Another fun fact about Silver.

The global industrial use of silver is approximately 1.95 million ounces per day, based on an annual total of about 710 million ounces in 2024.
In comparison approximately 819.7 million ounces of silver were mined globally in 2024.


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Do to affordability, Fractional gold is what's hot at the moment. The most popular Bullion dealers are showing 1 Gram, 1/10 oz, and quarter oz gold pieces as there top sellers in gold. We all used to complain about the premiums on those but now it's the only option available for a lot of people. The good news is those small fractional gold pieces are the easiest to unload when it comes time to sell.
What I find crazy is copper Bullion now has fractional pieces lol.
What's is store for coppers future?

 

Yep, but none of them work as well as silver.
Copper will most likely be utilized as silver prices rise.

 

For anyone who thinks Silver or Gold are currently too expensive.

$50 in 1980 has the same purchasing power as about $195 to $197 today (in 2025). This is based on the cumulative effect of inflation between 1980 and 2025, which has increased the cost of goods and services. For example, using the Consumer Price Index (CPI), a calculator shows that $50 in 1980 is equivalent to $196.59 in 2025.

That's how much purchasing power the US Dollar has lost since 1980.

So technically, Silver would have to hit $195 today, just to match the peak of 1980 in inflation adjusted dollars. IMHO I believe this Bullrun in metals is just getting started.

 

Well, yeah, but that 1980 spike was the clear result of "enemy action" (blatant market manipulation).

Today, there are plenty of arguments that "They" have been suppressing the price of silver, and that Their efforts are slipping now. Even if that's true, it seems like a very different setup from the Hunt Brothers scheme.

 

How many people are buying fractional gold, the real small stuff (not 1/10th) ?
I wonder what the premiums are like ?

I prefer to buy 1oz at a time but with gold I started a few years ago getting 1/10ths, and those have paid off.

For Silver I only buy ASEs (excluding silver coins, etc and a few Canadian, etc just for the designs).
I wish I could see the future as in will Silver/Gold keep going up and keep a base valuation (ie, not crash 50%). I'm slowly buying silver at $200 at a time which is getting fewer and fewer ASEs.

 

In engineering, "working well" is generally a product of functionality and price. Silver would "work better" than copper for motor windings if we were looking solely at weight and conductivity. We aren't, though, so we get motors that are a little bigger and heavier, give the same performance per watt, and cost a lot less.

The more expensive silver gets, the less "well it works" for industrial applications. Engineers and manufacturers will respond.

 

I fully expect a crash of at least 50% sometime in the coming years, during the next major recession/equities crash if nothing else. I just don't know whether it'll be a crash from $50 to $25, or from $150 to $75.

 

I only buy silver and gold at below the market price when I can. I’ve stopped buying otherwise. I used to buy all the time and I’d buy almost anything. Bars, rounds any size but no larger than 5 ounces. I’d also buy 90% US coins, silver dollars and anything other form of silver that was available at reasonable prices. Why limit yourself to ASE’s?

 

That was my approach too, 10-15 years ago. I'd buy anything I could find that was discounted more than 20% or so from spot. (With the idea that I could resell on eBay, eat the 10-15% fees at the time, and still profit.)

What I found, early on, was that market swings could quickly erase that margin. What I found later on was that I wasn't buying much of anything, because opportunities to buy at those levels were basically nonexistent.

 

You could be correct. If so, shorting SLV might be a good strategy?

 

Aah, the tightrope without a net strategy.