>>12781807 lb
>1 oz silver under $40
Not trying to discourage anyone, but just a reminder not to fall into a "panic buying" state of mind.
Silver was $23 at the beginning of last month, and $29 is the highest it has been in 15 years''. I think the highest price silver has ''ever' been in history was $41. But now all the sudden some people are frantic to pay almost any price for something they didn't think was important enough to buy a few weeks ago at a 40% lower price?
https://www.kitco.com/charts/livesilver.html
Who knows what will happen this week, but I hope newbies will not place all their funds in any one risk, especially if the only reason they're buying now is just because it's suddenly a hot news item and everyone in a forum is talking about it.
I do actually hope this is finally the time for silver to reach its fair value, which some experts estimate between $600-$900/oz. But I'm also staying realistic and remembering how many times in the past I bought silver at a high price, hoping it was finally time to skyrocket. But every time so far, the price settled back down again (or more likely was illegally pushed down by those with all the money and power.)
Yes, I still always recommend the general concept of buying physical silver, but I also remember the most fundamental rule, to always "Buy Low and Sell High". Or else you will end up buying at a high price and selling at a low price.
God bless, and keep your wits about you.