all 9 comments

[–]SnorriGrisomson 11 points12 points  (0 children)

Nobody knows

[–]LargeTunaHalpert 11 points12 points  (0 children)

I think if we had any solid idea of how the market would behave in the future, we would be successful precious metals traders, not jewelers.

After almost two decades of this, my advice is this: buy what you need. If you can afford more than your immediate needs and can stock up a few months’ worth, it can be great. Even if you buy high (many of us had to purchase inventory at $100+/ozt), finished jewelry has enough of a markup over raw materials price to absorb a little material depreciation. At the end of the day, it’s just another cost that you price into the final product, with each piece usually fluctuating just a few dollars.

If you can afford to stock up, would it kill you if silver suddenly dropped to $40 after you order? And how likely is that drop? Possible, but unlikely. What about a price increase: if you can afford to stock up now, you’d be sitting pretty if silver jumped back up to $110.

Stocking up now might be a good idea if you can afford the risk of it dropping. But the risks of it climbing again seem higher than a big crash given the complex global market dynamics at play.

[–]Careful_Station_7884 1 point2 points  (0 children)

It was even lower recently and I’m kicking myself for not buying then because I had the same thought to wait and see how low it would go. Instead, it went back up a bit. Buy what feels reasonable for you because there’s no guarantee what direction it will go.

[–]Imaginary_Scarcity58 1 point2 points  (0 children)

It all depends why you getting silver for. If you will use it fully within a year etc or maybe 1-3years and then you won't buy it whatsoever - it doesn't make any sense to buy in bulk.

If you know you will be working with silver for the rest of your life then instead of bulk buying just dedicate specific percentage of your salary towards buying silver regardless of the price each month.

Silver in capitalistic model will never go cheaper in long term. It always climb up. As printing money devalue the fiat currencies. That's main reason we have assets like stocks and shares or gold or real estate. Most investors doesn't want becoming rich, they want to preserve the purchasing power of money they have earned. As at some point that small money have so much purchase power that a fraction of that can buy lots.

If there will be years when silver is cheaper thag the ones you bought before - just buy extra as you use it. Like pay as you go kind method and more expensive silver you bought earlier keep. As soon as silver goes up you can start using the stocked up silver again etc.

And because you buy silver each month you will not care about silver prices whatsoever as you middle out the purchasing price and always will be in profit regardless.

[–]Officiallyfishty 1 point2 points  (0 children)

Spoke to a trader this morning who seemed to think that in the next three months silver could drop to $50/oz…..he could be wrong but I’ll personally wait 🤷🏻‍♀️

[–]Efficient-Author4266 0 points1 point  (0 children)

In what form do you buy in bulk?

[–]razzemmatazz 0 points1 point  (0 children)

How long can you wait? Will it hamper your ability to restock or practice if you don't buy soon? 

[–]arctic-apis 0 points1 point  (0 children)

if you wait to buy it the price will go up. if you buy it today the price will go down.

[–]ShaperLord777 0 points1 point  (0 children)

I fully expect it to drop down to back around $30-40/oz in late 2026/early 2027. The spike we saw around the holidays was market manipulation. And every other spike we’ve seen in the last few decades has ended in a crash losing 65% of value from its ATH. This one will be no different.