Discussion
Anyone here going big on Silver? Word on the street is it’s going to the moon. Investors dumping the dollar need somewhere to put their money and silver is being used in increasing quantities - solar, EVs, missiles and numerous other electronic products.
There has been a shortage of physical silver recently with it even being flown over on planes to London which is unheard of. Lots of investors are buying physical silver as it’s rumoured there isn’t enough to back up ETFs though storing physical silver comes with its own security issues.
I’ve invested in a Silver miners ETF as they are supposed to be really undervalued.
Current price of silver is £43.71/oz, be interesting to see where it goes.
There has been a shortage of physical silver recently with it even being flown over on planes to London which is unheard of. Lots of investors are buying physical silver as it’s rumoured there isn’t enough to back up ETFs though storing physical silver comes with its own security issues.
I’ve invested in a Silver miners ETF as they are supposed to be really undervalued.
Current price of silver is £43.71/oz, be interesting to see where it goes.
Mazinbrum said:
Anyone here going big on Silver? Word on the street is it s going to the moon. Investors dumping the dollar need somewhere to put their money and silver is being used in increasing quantities - solar, EVs, missiles and numerous other electronic products.
There has been a shortage of physical silver recently with it even being flown over on planes to London which is unheard of. Lots of investors are buying physical silver as it s rumoured there isn t enough to back up ETFs though storing physical silver comes with its own security issues.
I ve invested in a Silver miners ETF as they are supposed to be really undervalued.
Current price of silver is £43.71/oz, be interesting to see where it goes.
That’s interesting. I bought several 1oz bars a few years ago, mainly because I liked the design of them. Seems like I’ve doubled my money already.There has been a shortage of physical silver recently with it even being flown over on planes to London which is unheard of. Lots of investors are buying physical silver as it s rumoured there isn t enough to back up ETFs though storing physical silver comes with its own security issues.
I ve invested in a Silver miners ETF as they are supposed to be really undervalued.
Current price of silver is £43.71/oz, be interesting to see where it goes.
I've watched one or two youtube videos on the Silver market and I'm now spammed with AI generated guff on how it will overtake gold....£1000 per gram, yer right!
However, there does seem to be a smoking gun with paper price manipulation compared to actual silver deposits. US deemed silver a strategic commodity, the Indian govt allows limited amounts of silver as loan collateral, it is a key component in solar panels....
It does seem artificially low compared to gold.
I have a small silver miners ETF, some sterling silver cutlery & other items. So I'm enjoying the ride...(and I'll sell at USD 4000 a troy oz....
However, there does seem to be a smoking gun with paper price manipulation compared to actual silver deposits. US deemed silver a strategic commodity, the Indian govt allows limited amounts of silver as loan collateral, it is a key component in solar panels....
It does seem artificially low compared to gold.
I have a small silver miners ETF, some sterling silver cutlery & other items. So I'm enjoying the ride...(and I'll sell at USD 4000 a troy oz....
In the nineteenth century gold to silver was a ratio of 15:1. In theory this means silver should be five times it's current price.
As a by product of collecting pre decimal British coins, I have ended up with 1.5kg of "floor sweepings", worn, bent, holed pre 1919 silver (92.5%). Also some folders of half crowns, ( from 1920 to 1946 silver coins were 50% actual silver )- with about a kg of silver content.
Overall around 3kg of silver - one commentator thinks the price will double by Christmas.
Will be interesting to revisit this thread over the coming months.
Price as of now is GBP1400 per kilo.
It's a very interesting element, one that was money in the past (family Silver) but has since been found to have very useful properties in the modern world due to it's highest thermal conductivity and reflectivity as well as antimicrobial properties.
Like anything there are fans and associated hype and it's not got as many as the Index funds or even (remarkably to me) crypto.
I could talk about it for pages but you need to look into things and see if it's for you.
If you look at a 50 Year silver chart you could say it doesn't look good for the 'price' after what happened after the Hunt brothers 1980 and 2011 post financial crisis peaks, and you can look at fundamentals and make a case it's still cheap.
Also everything that rises comes with or gets hype, you ultimately need people to buy into something to get price movement, the Gold/silver moves have 100% not been made by the mindsets of populations like the UK, I'd say there is zero mainstream mention let alone any positive hype here, so it's no wonder there is widespread skeptisim on here as the concensus ranges from there are far better places to invest to effectively you are nuts! but the price has moved significantly recently, so someone somewhere feels very differently and it's normally for currency concerns or faith in the system or risk counter partys won't come good.
If there wasn't crypto or deposit protection schemes it's likely even we might have drifted a bit towards metals, but this is enough to relax everyone and we have relatively few concerns.
What shows the loss of value in money to me is this bit of maths, the old US dime (around 1960) was only 10 cents but had 0.0723 ounces of silver in it. Today 65 years later the US government debt increases 1 trillion $ every 100 days, and you'd need over x10 the silver ever mined in history to make just that 1 trillon $'s worth of old dimes.
For a pretty modest outlay you can own a decent % of a truly useful element that even AI tech will need.
Will it continue to go up, will it crash down, not sure but it'll always be useful and you can't make meme silver or print it.
Like anything there are fans and associated hype and it's not got as many as the Index funds or even (remarkably to me) crypto.
I could talk about it for pages but you need to look into things and see if it's for you.
If you look at a 50 Year silver chart you could say it doesn't look good for the 'price' after what happened after the Hunt brothers 1980 and 2011 post financial crisis peaks, and you can look at fundamentals and make a case it's still cheap.
Also everything that rises comes with or gets hype, you ultimately need people to buy into something to get price movement, the Gold/silver moves have 100% not been made by the mindsets of populations like the UK, I'd say there is zero mainstream mention let alone any positive hype here, so it's no wonder there is widespread skeptisim on here as the concensus ranges from there are far better places to invest to effectively you are nuts! but the price has moved significantly recently, so someone somewhere feels very differently and it's normally for currency concerns or faith in the system or risk counter partys won't come good.
If there wasn't crypto or deposit protection schemes it's likely even we might have drifted a bit towards metals, but this is enough to relax everyone and we have relatively few concerns.
What shows the loss of value in money to me is this bit of maths, the old US dime (around 1960) was only 10 cents but had 0.0723 ounces of silver in it. Today 65 years later the US government debt increases 1 trillion $ every 100 days, and you'd need over x10 the silver ever mined in history to make just that 1 trillon $'s worth of old dimes.
For a pretty modest outlay you can own a decent % of a truly useful element that even AI tech will need.
Will it continue to go up, will it crash down, not sure but it'll always be useful and you can't make meme silver or print it.
Edible Roadkill said:
Just the latest scheme meme asset now that btc & gold has rise burned out !?
Might be a bit meme'y if anyone on here (bar a few) were into it, and owned any significant amount, no meme'esque rapid spread that I can see. That would be when I had people agreeing with me and hyping up buying such that the OP joined and 'couldn't lose' and you might be reticent to post a contary opinion, whereas it's still likely me that will get significant pushback.One BBC mention does not a meme craze make.
In 2023-24 1.6M people put the max £20K into ISA's which would have bought 1.3 times the global silver production of that year.
Even at todays prices it would buy about 80%
£103 Billion was added in total to ISA's in 23-24 (over x3 annual production)
Amount of average Joe spare/savings money put into silver I'd guess relatively F all.
820M ounces mined annually, just Iphones need 2.75M of that, 80M ounces for the 90M cars made each year, approx 200M ounces for Solar panels.
"This demand is part of the larger industrial use of silver, which reached a record 680.5 million ounces in 2024"
"In 2024, global silver mine production increased slightly to around 819.7 million ounces"
So there were 140 Million ounces left to buy in 2024, per above, those 1.6M folks who put in £20K to an ISA, if they each put a little of over 10% or £2,000 it would have bought all the remaining non industrially used silver mined that year. Or everyone in the UK spends what £100-£150 (or less than a £1 per person on the planet) and that has the same effect of buying it all up.
This is why some predict the physical system freezing up and exposing the fractional ownership situation, less than 1/10th of a savings allowance in one western country can buy all the global excess up.
Unlike Gold or Bitcoin where people can just stop buying it, Silver has that steady industrial demand, it is needed and not easily be substituted.
There are trillions in savings products around the world and it's all wealth as long as it continues to buy you what you think it does today, but we see around us the inflation/shrinkflation etc and something like silver is one of the few things that will be needed for decades and can be practically stored and I personally think everyone should have a proportion of their savings/wealth in physical metals (not ETF's).
Google AI notes
Gold, which dominates the precious metals market, accounts for approximately 0.5% of total global financial assets.
This percentage has decreased significantly since the 1960s, when gold alone represented around 5% of global financial assets.
While individual investors and institutions are often advised to allocate a small percentage (typically 2% to 10%) of their portfolios to precious metals for diversification and as a safe haven against inflation, the current actual global allocation remains low.
So is this move a Meme, or simply a reversion to the mean ownership? as currency debt etc risks increase.
TheK1981 said:
I see its on the bbc news website this morning, after it being mentioned on Martin Lewis last night and now the bbc I expect more people looking to buy, which is nice for me as my average for a soverign (incl vat) is just over £33, nice profit there
Britannia’s hopefully. When I started buying gold sovereigns you could get a silver brittania for about £17 so could almost get one as an add on and ignore the extra cost. They have definitely covered their 20% vat.
madbadger said:
TheK1981 said:
I see its on the bbc news website this morning, after it being mentioned on Martin Lewis last night and now the bbc I expect more people looking to buy, which is nice for me as my average for a soverign (incl vat) is just over £33, nice profit there
Britannia s hopefully. When I started buying gold sovereigns you could get a silver brittania for about £17 so could almost get one as an add on and ignore the extra cost. They have definitely covered their 20% vat.
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