Silver just blasted past $46 an ounce. We're rich!!
...or are we?
This increase isn't quite the same vertical rocket gold has been on these past few years, but it's still pretty crazy. Anyone who stacked even a little is looking at a very different portfolio than they had just a year ago.
So why the surge? A few possible factors come to mind. Some of you may be able to add more.
But let’s be careful; remember this isn’t free money. The stock market is in a huge bubble and I have warned about that several times (as have many others on Hive) and the same thing applies here.
A few things worth keeping in mind:
The temptation is to ape in, imagining $100 silver is just around the corner. Maybe it is. (I think all of us here in SGS hope this.) But maybe it isn’t. If you’re buying at these levels, do it with a cool head, not a gambler’s rush.
Precaution is worth more than regret.
Silver isn't my main investment — Bitcoin is — so this warning isn't for myself as much. I am continuing to invest in silver as I always have been, with coins and rounds every now and then. It's a slow approach that leans more collecting than stacking.
How about you guys? Are you stacking more at these prices, holding steady, or selling into strength?
| David is an American teacher and translator lost in Japan, trying to capture the beauty of this country one photo at a time and searching for the perfect haiku. He blogs here and at laspina.org. Write him on Bluesky. |
