One thing to be careful of is that there is a lot of fake silver rounds out there. Even from coin shops. If you buy online the odds go up that its a fake. Same with gold. Who's going to cut , drill to ckeck. If the weight is right, that doesn't insure it's genuine. A buddy bought two dozen morgan dollars at a coin show only to find out they were all fake and he paid a little higher than spot.

Look at the chart

Silver has not been a good hedge on inflation

Buy it local no need to have a paper trail if you can avoid it check with your local pawn shop or coin dealer that has silver.

Insurance?

No, just lead…. Training weights for swimmers when we run out of ropes and trees…..

Why silver instead of gold?
Silver is a commodity like copper or lead, gold is money.

THIS!

Historically, the past 75 years or so the average ratio between gold and silver has been about 35:1.

If you go back to about 3500 years the ratio was about 2:1, during Roman times it was about 12:1. The reason being is that in the distant past it was easier to find and produce gold than it was silver. Gold is often found in it's native form, while silver is nearly always found combined with other elements and compounds such as oxides, and sulfides. In ancient times they did not have the technology to as easily extract silver as they did gold; thus silver had a higher value than it did today, relatively speaking. The different costs of production of the two metals is still effecting the markets today. Gold and silver do not necessarily move in the same direction proportionately.

The greater divergence between silver and gold in recent years has been much greater; today it is 86:1. There are several reasons for this. I will mention one reason, and I hardly ever see anything written about this.

The vast majority of gold being produced is coming from gold mines. These mines only produce gold when it is economically feasible to produce it from the particular mine.

The vast majority of silver is produced as a byproduct from copper, lead, and gold mines, some comes from recycling also. Only a small percentage of silver actually comes from primary silver mines. This means that new silver is coming mostly as a byproduct. Since this silver is being produced as a byproduct, the economics of it's production aren't really of any consideration since it's just a residual product of things like copper production.

Think now of the increase in copper (and other metals) production in order to meet the demands from the switch to electric energy rather than carbon based fuels. There will be more and more silver coming on the market due to the increased mining of copper and other metals. Silver is then just a freebie to the copper/lead/gold mining companies, and it gets dumped on the market regardless of price.

Silver and gold are viewed by some as a hedge against inflation.

Well said !!! Being in the mining industry myself I don’t think silver will make any big jumps anytime soon

I have bought 1 0z silver bars and also silver rounds from a place in New Jersey called Ayden Coins for years.
They are above spot of course but thats to be expected. No business survives without profit.
They ship free, quickly, and they don't charge sales tax.

It seems to peak at times just not very often it took a jump this week .

You can buy a silver dollar for 20 bucks. Problem is you only get a dollar for it at the store. Don't see where it's a hedge to inflation.

Back in 1987 ........I think...I bought a 100 ounce bar for about $400.

Today that 100 oz bar is worth about 2533.

That same $400 invested in the S&P 500 would be worth $17796 give or take a couple hundred

There is your answer. Silver is a poor long term investment. You can make money by buying in a down market and selling in a strong one but do not hold it.

Not all states charge sales tax on currency exchanges, unfortunately Wisconsin does. The big brokerage houses are trying to lobby to have that changed ... obviously to increase their sales.

In an Armageddon and maybe green events, all metals will have value. And alcohol is always a commodity. Thinking about reducing a little of my stash now

Might of been able to get near an oz of gold in ‘87 fir 400$,,,,2150$ today

Neither are a good hedge on inflation

I would go to a local coin shop with a decent reputation and pick their brains. Just my 2 cents.

They'll tell you what you want to hear. They want to trade you their silver for your cash.

The US Gubmint buys a lot of gold
Ft Knox must be getting pretty full.