Been asking that question for years.
Millions of daily digital ETF transactions help manipulate the price and keep it down.
Since I started buying silver - the lowest it got was around $13/oz and the highest was $48/oz (*estimates - not including premiums - spread out over years.).
Other than those two major spikes there has been little movement. It hovers between $16-$23 an ounce. Sometimes a little higher and sometimes a little lower. I haven’t followed it as closely lately because it’s bullshit.
I still buy metals because it’s real wealth.
Been asking that question for years.
Millions of daily digital ETF transactions help manipulate the price and keep it down.
Since I started buying silver - the lowest it got was around $13/oz and the highest was $48/oz (*estimates - not including premiums - spread out over years.).
Other than those two major spikes there has been little movement. It hovers between $16-$23 an ounce. Sometimes a little higher and sometimes a little lower. I haven’t followed it as closely lately because it’s bullshit.
I still buy metals because it’s real wealth.
(post is archived)