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Silver finally seems to be on the move.... While many things have been hitting all time highs - gold, cryptos, stock market, etc... does anybody think that silver will hit an all time high in the next few months?

Originally Posted by ACCR

Silver finally seems to be on the move.... While many things have been hitting all time highs - gold, cryptos, stock market, etc... does anybody think that silver will hit an all time high in the next few months?

I don't know about timing, but inflation is bound to exert upward pressure all commodities. PM's have traditionally been used to hedge against inflation so that would result in higher demand. That would be an important factor to take into account.

I suppose the question would be: Will silver serve as an investment method to preserve wealth -or- will it outperform inflation to result in a net gain ?

That's a great question. My thoughts are that it will spike up somewhere between $30-$35/oz. Net gains would probably depend on what type of and when the silver was purchased. I bought a couple rounds a few years back when it was closer to $19/oz. I had to pay $5.00 over spot price. Where silver currently sits I would be able to sell it and make a profit. It might only be about $10-$15 for what I have, but looking at the bright side it would definitely be worth a few cups of coffee for my efforts.