I came across an interesting Reddit post in the Silverbugs community. It was asking stackers at what point they would be "priced out" of silver, or stop buying. It's a great question, since most of us are used to the roller coaster effect regarding silver price, and spread out of over months or an entire year. We're in uncharted territory now that each increase in spot price brings a new all-time high.
(Created with Bing)
At 3:37pm silver spot price was $71.53.
Six hours later and the price is up to $72.39. It used to be we were lucky to see a $0.50-1 movement in a week. Now, it's happening in a matter of hours.
Buy or Hold?
So the question becomes do we buy or hold?
Some indicated they'd wait for prices to come down substantially. That may not happen for a long time at this rate.
Others indicated they'd "nibble" and buy smaller fractional amounts. Some would buy whole rounds, but fewer of them.
One person commented and said they'd likely switch to buying 1/10oz gold instead, since they're used to getting a 10oz bar of silver for less than $500 and now that's not possible.
With such a dramatic increase in price, perhaps consistent purchases of fractional silver are the most prudent choice over simply waiting for prices to come down.
What do you think?
Buy DUO and stake to receive Hive dividends, tip others, have your posts curated, and grow Hive!
https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO
Do you like stacking gold and silver?
Are you new to Hive, or know someone new to Hive, and want help and support?
Have you been on Hive for a while and want to help new Hive members? Join HOC and help us grow Hive and encourage new members!
Ready for the holidays?
🎄🙏❄️
!PIMP
Cheers to DCAing! !PIZZA !LADY
I want to say that i should have bought more when silver was $30 an ounce. But, really, i bought what i could, safely, and without hurting myself.
Now, even though i know silver is on its way to $1000 an ounce, i am still hesitant to pull the trigger on any big buys.
So, sadly, i will probably just buy anything i see i like, but i won't be going to see what's in the coin shop as much.
ANDD!!! i am sure T.H.E.Y. are going to smack the price down, at least once more. Like, to single digit COMEX price, which will mean nothing to the physical market. $5 silver +$95 if you can find any for sale. So, this will the begin of the end for COMEX.
I doubt we ever see $1000 in our lifetimes, not unless it's in hyper inflation dollars, that said it is going higher for sure! $100 likely next 18 months. But 1K per ounce? Not anytime soon. !PIZZA !LADY
Smack it down to single digits! So below $10 ? No chance that's happening again. Just like Gold will never see its 1999 $275 price ever again just due to inflation and how much dollar has lost value, silver will never be under $10 again.
If anything it's being manipulated higher right now up triple in 12 months. You give too much credit to this old excuse that anytime it drops it's the bankers behind the curtain, corrections are normal and will happen as we continue in bull market. If u think they can ever go back to sub $10.00 price u are mistaken my brother. No doubt there’s manipulation, but not to that degree, if it happened that it was pushed didn’t 90% or whatever, the physical price would have such a premium it would expose the whole game and be negative for those powerful players in the shadows. It’s obvious they want it higher right now anyway.
Like, they released the files with moveable black blocks… exposure is coming, and that is why i believe we will see sub $10 silver… on the COMEX.
Silver is in tight supply. So much that a large multinational has invested in, and bought all the production of one of the largest silver mines.
And then, we have silver batteries. A new use for silver. Imagine something more important that silver batteries, which needs lots of silver. Something that will make silver a national strategic metal.
And, of course, the inflating dollar.
I believe that $1k silver may just be the beginning.
View or trade
LOHtokens.@geneeverett, you successfully shared 0.1000 LOH with @builderofcastles and you earned 0.1000 LOH as tips. (2/6 calls)
Use !LADY command to share LOH! More details available in this post.
You received an upvote of 100% from Precious the Silver Mermaid!
Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!
You have been manual curated and upvoted by @ecency
Did you know that @stresskiller is also a witness now ?
!ALIVE
Congratulations @bulliontools! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 10000 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPDollar Cost Averaging is the only way!
!LADY !PIZZA
View or trade
LOHtokens.@geneeverett, you successfully shared 0.1000 LOH with @bulliontools and you earned 0.1000 LOH as tips. (1/6 calls)
Use !LADY command to share LOH! More details available in this post.
$PIZZA slices delivered:
thefed tipped bulliontools (x2)
geneeverett tipped bulliontools
geneeverett tipped kerrislravenhill
bulliontools tipped thebighigg
geneeverett tipped builderofcastles
@bulliontools(5/5) tipped @thefed (x2)
thebighigg tipped bulliontools
bulliontools tipped daveks
Join us in Discord!
Hold! The rocket is still lit and burning!
Merry Christmas! I hope you guys have a great time!
!BBH
!PIZZA
!DOOK
I'm hearing some predictions of $200-250 being the peak, but not until maybe end of next year. We'll have to see what happens.
Merry Christmas to you too! I hope you have a great time celebrating!
!BBH
!PIZZA
!ALIVE
There is zero chance of $200 silver the best three years. It will be higher in three years but people get so ahead of things just because of one crazy year. We will see $100 most likely next 18 months. That said $200 no chance in 2026.
!BBH
!ALIVE
!PIZZA
!LADY
We'll have to see. I'm certainly not getting my hopes up.
!BBH
!PIZZA
!ALIVE
Still buying. It’s going over $300.
I'm still buying as well, although in less conventional ways.
I hope you're right about $300!
!BBH
!PIZZA
!ALIVE
If people are priced out of paying $80 for a coin, they probably aren’t investing in much else either.
!BBH
!ALIVE
!PIZZA
!LADY
View or trade
LOHtokens.@thefed, you successfully shared 0.1000 LOH with @bulliontools and you earned 0.1000 LOH as tips. (5/19 calls)
Use !LADY command to share LOH! More details available in this post.
Maybe so, but for some like me I know price will eventually come down. I'm not buying at these prices. I'm also not sitting by doing nothing. Instead, I'm scrapping Sterling silver for prices under melt and getting in that way.
!BBH
!PIZZA
!ALIVE