Ammunition has outperformed silver in the past 12 years. That is a fact. However, it is a feast or famine market characterized by rapid periods of scarcity and long periods of large inventories.
20 years.
When milsurp ammo went up in the wake of 9/11, Afghanistan, and Iraq, I was kicking myself for not having more on hand. In the late 90s, you could buy a nice wooden crate of Austrian Hirtenberger NATO spec 7.62x51, 10x20 round boxes to the heavy plastic battle pack, 5 battle packs to the crate. Boxer primed, too, so reloadable.
$175
I said after 9/11 etc., and the resultant price increases, that I wished I’d bought 100,000 rounds of the stuff.