Silver > $100/oz.

Silver topped a hundred bucks an ounce today. I cannot explain why, but on some level this is terrifying me. It’s like watching lines form around the block at an ATM, or seeing canned goods flying off the shelf in a frenzy. Rightly or wrongly, some part of my brain equates a huge and fast run up in metals prices as some sort of harbinger of trouble.

I wonder if the sudden rush by people to sell their silver and take advantage of the record high (because crossing the $100 mark might be a ‘trigger event’ for some people) will temporarily push the price down, leading other people to think “this is the dip!”, buy in, and drive the price even higher.

However, guessing what the market will do has historically never been my strength, but even a broken calendar is right once a year.

25 thoughts on “Silver > $100/oz.

  1. It’s beautiful to see, but what I wonder what lies under that beauty? I think it may signal the end of fiat. To that point, I’ve been looking for investments that feel similar to how silver at $30 felt. I’ve done the obvious things we all know to do – pay off debt, buy land, stock up on food, ammo, tools, guns, etc.

    I put the question to you and all readers, What is something I’m overlooking as a purely tangible investment? Copper, other PMs like rhodium? I know all the “lists” of prepper stockpile needs. I’m looking for something outside the obvious.

    • Investment in self. Take a heavy equipment operators class, learn to weld, study accounting, etc, etc. Invest some of that profit in education for what you don’t know but feel that you should. Heavy equipment operation, cooking, accounting, mechanical repair, radio operation, advance med training, etc. Spend a little on whatever you need to keep your body functioning optimally…might be a weight set, might be Lasik. But whatever you invest in yourself will always be yours and always be with you.

    • Silver at $100 is just the 2026 version of silver at $49 in 2011. It’s just another number that feels significant because our human brain pins significance to certain “milestone” numbers.

      Keep buying it. It will go up. I could be wrong, but I don’t think there’s another undiscovered commodity out there that is set for sudden explosive growth.

      • “I could be wrong, but I don’t think there’s another undiscovered commodity out there that is set for sudden explosive growth.” Platinum, Palladium, Copper, Rodium, Osmium, Ruthium… Are just a few that will boom in this commodity cycle.

  2. I was at our local bullion store last week, and even with silver in the low $90s there was a line out the door to sell anything made of silver. I don’t think the sellers have been waiting. As I see it, the price will cool down not when sellers sell, but when buyers decide it’s too expensive to buy.

    • Retail buyers are not the ones driving these prices. Only 1 – 1.5 percent of the public is buying metals. Banks, countries and institutions are creating this demand and higher prices.

      Metals are still extremely cheap to purchase with fiat and I’m very surprised that shops are willing to trade money (gold & silver) for cash (debt).

  3. Tried to sell some foreign 90% silver coins this week at the local jewelry store. The buyer called his connections.

    They didn’t want it.

    Claimed they are backed up and can’t deal with it. They are afraid that the music’s is about to stop and they don’t wish to be holding the bag.

    This is just a data point. However gold was still being bought. I don’t know what’ the story would have been if I had US treasury rounds or solid silver bullion to sell.

    FYI. This is in NE. BTW.

    • This is just the result of refineries being backed up currently. They aren’t accepting anything but .999 silver. Try selling anything less than .999 silver and you’ll get the same answer – they don’t want it right now.

  4. My wife gave me crap for spending $8k on silver back when it was $8/oz. If the AI bots on YT can be believed (Asian Guy, AG, get it) demand has outstripped supply for several years now and the current price reflects this. Samsung can’t build electronics without silver, Tesla can’t make cars without silver, Raytheon can’t make Tomahawk missiles without silver. They tried all other metals but nothing works as well or even at all.

    Throw in the short sellers manipulating the price for decades and the chickens have come home to roost. COMEX and the LBMA claimed to have millions of ounces on hand to sell, they didn’t, the vaults are empty, it was all a lies on paper, they can’t print silver. India, China, Russia, etc. all lined up and took delivery at the manipulated low price saying thank you very much for lowering the price for us.

    Went to the local coin shop today to trade silver for gold to take advantage of the 50 to 1 ratio. They didn’t have any gold on hand, so I bought Morgan dollars at $71 each.

  5. I hate to be the eternal pessimist but given the level of corruption in all of the institutions including the financial institutions a lot of it is probably driven simply by market manipulation. I am sure supply and demand may play some small role in the price fluctuation but we’ve learned now through the years of information available through the Internet that all of our systems government and people in this country are pretty much corrupt. Yes they’re small bands of us that operate honestly but we are very very small group at this point.

    • Sound money (gold & silver) exposes corruption. The honesty and beauty of Gods Money will prevail and help rebuild this great nation.

      • Spend some time reading the Bible. Discover true original meaning of Gods Money. Not the LCS version used now to sell pm and oddly enough Cryptocurrencies.
        Start with 1 Timothy 6:10

        • Haggai 2:8-10 “The silver is mine, and the gold is mine, saith the Lord of hosts.” There’s a reason gold & silver are mentioned over 400x in the Bible. Yes, Gods Money.

          • Like Mathew 23:16-17
            Just because it is mentioned doesn’t mean it was necessarily supported by God.
            I mean sodomy comes up like 30 times in the bible.

  6. We are witnessing the collapse of all fiat currencies and the demand for sound money returning. The value of silver & gold isn’t rising, the value of the $$$ is crashing. When the generally dumb public figures this out, the metals will jump 10x.

    For a more exciting ride, consider buying some of the junior gold & silver mining stocks. The ones in my portfolio have gone up 300 – 1200 percent over the last year or so and this is just the start of this bull run.

    Keep stacking folks.

  7. Glad I own precious metals.

    Haven’t bought any in a few years but they’ve done well as an investment.

    Ironically while my net worth has gone up considerably I’m at about the same percentage of it in precious metals due do their appreciation.

    No plans to sell. 5-15% in precious metals is a good hedge against inflation. Also they tend to do well when other investments do poorly.

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