If you’re holding to make a profit on your investment, then if it were me - no I wouldn’t invest my money right now. Not at least till it took a good dive.
If you were buying to hold as a future currency in SHTF, then personally I’d make sure my survival preps are as good as they can get. Let’s face it, in most situations the local economy will be barter if it gets seriously bad, and I don’t think silver will do you a great deal of good.
If you got excess cash after your preps, then yeah converting it to metal is a good idea, because you’ll need a store of value. Me personally I’d let it pull back and settle first, but this market is squirrelly and there’s a large cash demand for the physical metal. Still, if it were my money I’d gamble on it dropping to $25 or $30 before getting in. But that’s just me.
I had about 600 oz that I bought in the mid-90’s because I was worried about the market bubble that was forming. I sold it a couple of years later to buy stuff for preps. I’m glad I did honestly, even though that silver would be worth 30K right now. At least now I can survive and a great deal of what I bought is drastically more expensive or unobtainable.
Many thanks for your perspective. And, yes, I was thinking in terms if the SHTF...