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betterinvestmentthanshare said:
I never purchased silver to profit.
It was purchased as a medium of exchange if and when our fiat system disappears.
The capital growth is a unforeseen bonus
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I share ur sentiment ;)

I hope to never need to use any of my stacking.

But it's there if we get a SHTF moment & as u say, " as a medium of exchange " is required, I will have that " backup ".

My plan is to leave my stack to my son as a foundation for his future :)
 
veryugly said:
I was heavy into silver back in 2011. The dragon mania was the killer, didn't break even until recent price movement. The crash made me stopped at 2012 and only resume stacking 2 years ago.
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Similar situation, looking back at my stack, most of it is dated from 2011 to 2014. I went heavily into the dragons but I really like the design so I have no regrets there. I also bought platinum as it reached parity with gold, that has just broken even this March. I certainly don't want a repeat of that.

Sad thing is, as silver wasn't doing anything for years after 2011 I kind of lost interest in stacking and only sporadically added to my stack. As soon as it started to go up again I realised I had fallen behind and I started adding more ounces as the prices started rising. Same with gold but as European gold coins came up every now and then on Stackers I was actually buying some for my coin collection, which is just as well.
 
JohnnyBravo300 said:
Might pull back a little at 60 or 70 before going over $100 for starters.
Thats my take.

It might build a massive bull flag for awhile or a deeper inverted head and shoulders to push it over.
Or it might just run like gold did but on meth!

The cool thing is, we are about to find out.
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I'm in agreement with u on a pullback from $60 - $70 range.

I think this range will flush out a lot of long term Holders. Those that brought a the previous $50 highs will be having a psychological battle ( I'm now finally in profit, but what if it pulls back below $50 & drops like last time I held, but what if it surges again & does go to $100, what DO I DO ? ) I believe this battle will drive quite a few to sell because of the fear of once again seeing profit disappear if Silver slumps below $50.

I just hold in my mind that Silver is in a significant & ongoing Structural Deficit. Plus that the Industrial Demand for Silver is CONSUMPTION ! That Silver is used &, from what I can research, over 50% of that Silver is Lost/Unrecoverable ( approx 15kg of Silver in a Tomahawk Missile is never going to be seen again after it's launched, most old Solar Panels are ending up in Landfill )

Currently, the world’s top 10 undeveloped silver deposits contain 984 Moz. Discovery Silver’s Cordero project in Mexico leads the ranking:

Rank Project Owner Country Contained Silver Reserves (Moz)
1 Cordero Discovery Silver Mexico 266
2 Corani Bear Creek Mining Corporation Peru 229
3 Prognoz Polymetal International plc Russia 125
4 Bowdens Silver Mines Limited Australia 66
5 Santa Ana Formerly Bear Creek Peru 63
6 Fuwan Minco Silver Corporation China 55
7 Nueva Esperanza Kingsgate Consolidated Limited Chile 48
8 Vares Adriatic Metals PLC Bosnia & Herzegovina 47
9 Terronera Endeavour Silver Corp. Mexico 47
10 Menkechka GeoProMining Ltd. Russia 38

For the last 10 yrs, world gold consumption has averaged over 1,000 Moz. So the top 10 new mines have reserves of less than 1 year of world Silver consumption. I can see continuing Structural Deficits into the future ;) ( some of those Silver warehouses might be starting to look a bit thin ? )

So I will hold onto my Stack & maybe add some if there is a pullback from all time highs :cool:
 
Similar story here.
2010 to 2013 was followed by crypto as the alternative investment class.

What should have seen gold and silver price discovery saw lulls as the images of gold and silver were memeticly affixed to bitcoin and etherium.

But just like how a kite falls from the sky when the change in wind direction from oncoming cyclone, what little silver remains and can be mined from the infra that sustained its gathering speed when the price was low... will be required to continue powering the grid of AI, crypto and batteries needed in the technological revolution that left silver behind for so long.
 
Silver had an overnight close just above $41 :D

From breaking thru $40 at the start of the week to a close above $41 :cool:
 
jultorsk said:
You're 100% correct - but sometimes it's just soo hard to resist. Can't remember the last time I've bought silver... and then happened on a nicely toned 50oz Perth cast bar (with swirls!!) 1st series yesterday (similar as pic - I'll post the actual photo later) and just could not resist.
Still figuring out what short-circuit happened in my head... :oops:
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Finally got around to taking a snap of it, warts and all. Serial 523.

Screenshot 2025-09-07 at 4.35.05 PM.png
 
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