Not sure now is the time to be buying silver. I’m thinking some folks will be thinking about selling.
Randy - how high do you think it will go? Will it stay there or go back down? Dust off your crystal ball and let us know what you think.
My goal in silver is to make 20% TWICE A YEAR. Doesn't always happen, and some years I do better. I personally will not buy now - I sold. I follow daily trends and historical data. Generally I see it spike and dive twice a year. Elections and other world events have a impact, but not as dramatic as other metals. I buy from a shop thats a couple hours away. We deal straight up on spot price for 10oz and 100 oz bars. Local shops near me try to put commissions and other BS fees on it. Crazy that it goes up 25% and they try to take 17-18% - I just walk away and do business elsewhere.
So riddle me this on silver. One of the largest US based solar panel companies is stock piling solar panels at a insane rate. They are leasing 100's of thousands of sqft of warehouse space. WHY??? So from an industrial perspective, I understand the demand. But I see they are driving up their own cost - Silver is the primary metal in solar panels. Wierd.
Anyways, so far 2025 has bee a bit different. Started out like a normal year with a dip in price around new years and a dip in spring. But its been on a pretty steady climb all summer. Gut tells me it will go up a little more, but I don't play on gut feelings, I follow statistics.