There really is hope for the price of silver

[aberdeen]

If you are looking for Tesla stock like growth then you will never be happy with silver. However, in my lifetime silver has gone from being used in many USA coins to being worth $25 more or less per ounce. So based upon that then silver has done okay as far as holding its own in maintaining value. Again, you can't expect it to grow like a company that goes from startup to producing billions in dollars in sales with perhaps a huge profit margin. As a waiter once said to me, "If we don't meet your expectations, please lower your expectations". I think you are expecting way too much. Growth like that requires more risk. Risk that requires not buying the metal, but buying the mine.

I have read several times that between 2001-2011, the HUI gold mining index soared 1,664% and silver stocks likely did better than that. The HUI then crashed 85% in the next few years. Best to be very careful and even paranoid. I have a gold/precious metals mining fund which should (that often magic word) do very well in the next decade or so. Of course, I will believe it when I finally see it.

[LongDonSilver]

I have read several times that between 2001-2011, the HUI gold mining index soared 1,664% and silver stocks likely did better than that. The HUI then crashed 85% in the next few years. Best to be very careful and even paranoid. I have a gold/precious metals mining fund which should (that often magic word) do very well in the next decade or so. Of course, I will believe it when I finally see it.

Of course be paranoid. Just because you are paranoid, doesn't mean that people aren't out to get you. But IMHO, buy and hold is for those waiting to get sheared by those in control. Also IMHO, one of those moments is just around the corner. Signs of the next shearing are everywhere. The USA has been printing fake growth for over a decade and the brr of the printing presses is running out of steam. Those rich men north of Richmond are just trying to keep the ball in the air until after the next election. Then all heck is going to hit. The national debt interest payments are one trillion dollars per year and we are still borrowing money and giving it away. You get a car, you get a car, everyone gets a car only works for a short time then the poop begins to fly. And will it fly! Germany is already in recession, most of Europe to follow. China is in a housing crisis, exports falling, and chapter 17's are beginning to crop up faster than weeds after a rain storm. Just remember that more money is made on down markets than up markets. That's when those in the know pick up assets for pennies on the dollar. Holding on hoping for a return in a decade or two isn't in me, I'm old. Too old to wait it out.

[windweaver77]

Silver is holding well today, surprisingly.

[everything1]

Silver is (we hope), going back up to 27, possibly 30, the 5 year trend is up, if it were not for covid, the trend would have been smoother, by spring it will have been 5 years since the 15 dollar days.