Posted on 12/09/2025 10:03:55 AM PST by delta7
Price of metal has more than doubled this year amid booming demand from investors and industrial users
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Silver prices have punched through $60 per ounce for the first time amid a historic rally driven by a scarcity of supply and a surge in demand from investors.
The metal has more than doubled in price since January, as years of undersupply, compounded by strong demand from industrial users and investors, led to shortages and a severe supply squeeze in October.
Silver jumped 4 per cent on Tuesday to reach $60.4 per ounce, a fresh record high. Gold also rose 0.7 per cent to reach $4,216 per troy ounce, slightly below the record set in October.
This week expectations of a rate cut by the US Federal Reserve, which meets Wednesday, have boosted precious metals.
“In the very near term, the focus is on the Fed rate meeting,” said Suki Cooper, analyst at Standard Chartered.
“Underlying the move is the fact that we have a market that has been undersupplied for the past five years, and we still have regional stocks dislocation,” she added.....
Hard to predict the future, especially when it comes to money. I’m sure your dad meant well.
Thanks for the correction.
My father’s advice about selling the silver coins was good at the time.
Silver was at $50 per ounce in 1980. The Hunt brothers of Texas has cornered the market, then it all came crashing down and nearly took the stock market with it. Congressional hearings followed (of course).
I sold the coins just before the price per ounce came crashing down. It was nice to sell at the top of the market.
Silver took 45 years to get back to $50 an ounce and beyond.
“Closer to $50 to sell and $70 to buy. Confirmed over at Kitco.com”
Not at the local dealer I’ve been buying from since the 80’s.
I’ll be buying 2 oz of silver this morning and it will be spot + $1.00. They purchase at low spot (typically $0.25 less than the spot paid to buy).
Good folks!
This is a fun story. We installed solar panels on our house and used the Biden 10K tax credit (Economic Recovery Act) in 2023 to purchase $ 10,000 worth of physical silver from APMEX. Today, that little pot is worth almost 27K.
If you sell at more than $2.00 below spot, you are being screwed for 1 oz coins.
90% silver, is lower right now due to the refiners being busy.
I already had one from the mint n the original box, but demand has slipped for it now and they are selling at $95 on ebay slabbed, which is lower than it cost from the mint, so I went ahead and got another.
With silver going up so much, I think it will turn around soon.
Your dad was smart. I have been buying silver in the $15-30 range for the past 15 years or so. It’s finally paying off. Do I sell now or wait for 100? Who knows?
Ya never Know Amigo!
Twenty years ago I
Almost got A Monster Box
Of Silver Rounds....
It would have Been Epic!
Good Stuff !
.
I now know someone with a
YouTube Channel!
.
Good on Ya Mate!
Well I am definitely not claiming to be an influencer. Just posting some short videos of my cats, or collectibles.
I could tell many tales of the genius financial moves I almost made. Here's one. In 2013 I debated buying Amazon stock (AMZN) at the price of $13. I decided against it. Amazon might just be a passing fad, I reasoned.
Always good to hear from the one and only "Big Red Badger."
And You My FRiend !
.
I heavily invested in Army Surplus gear
Always dreaming I’d open a Shop.
.
Need a footlocker or GI Pup Tent!
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