Thursday, August 6, 2020

Silver is starting to take off. Would you sell at $30/oz?

Silver is approaching $30 an ounce today. Climbing over $4 USD/oz in just the past 3 days. And is up from $19 USD/oz last month.

At the time of this posting US Junk Silver (pre-1965 90% Silver Coins) are valued at over $20 per dollar face (e.g. four quarters, or ten dimes).

Is this a good time to start unloading some or all of your silver stack?

Looking at a 5 year view of silver prices

Silver prices for the past 5 years have been rather flat in the $16-18 USD/oz range. At that time, one dollar face of silver coins would be valued a little. above $13 (e.g. 4 silver quarters).
There are many factors that could continue to drive silver prices higher.

  • COVID which has both a global impact, and also the continued impact in the US, and vaccines not likely being available until at least 2021.
  • 2020 political elections are coming up.
  • Continued turmoil between the US and other countries (e.g. China)

We would like to hear what others are doing at this time. Do you wait, Do you unload some/all, or do you wait for prices to potentially skyrocket past the highs both in 1980 (~ $120 USD/oz) and 2011 (~ $60 USD/oz).


Happy Hunting Everyone!!!
~JobIII

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