Silver spot price has been hovering around $75/ounce for a little bit of time now. Some people are still predicting we'll see it climb past $100/ounce. It very well could happen, but don't let that possibility cloud your judgment when making a purchasing decision.
I saw this post on the Silverbugs subreddit. Someone dropped over $7500 on silver at Costo. They bought a total of 100 ounces of silver. It's great they can afford that, but hopefully they also took into consideration that the spot price of silver could just as easily drop. A $5 drop in spot price means this person is now at a $500 loss if they were to sell. Hopefully that doesn't happen. If it does, hopefully they're not in a hurry to sell.
Someone who's been stacking a while is used to price fluctuation and likely doesn't care. Someone who's buying silver because of the hype and price action is bound to get burned. It's never fun when that happens. Stacking is a marathon; not a sprint. Stack what you can, when you can, but don't make risky moves that you can't afford to take a loss on.
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