Howdy Blessedtrucker2011

Here's the basics:

Silver is HIGHLY manipulated. People know what it should be valued at based on price of big sister gold and the demand for physical silver. The problem is market manipulators have over sold silver x500 or more and are able to buy and sell "paper" silver as they need to keep the price suppressed. The Fed uses bullion banks as its agents to put on naked silver shorts on Comex to drive down the price. It enables banks to repurchase silver at lower prices.

Silver is back in the news because of Reddit's recent GME's raid. It raised the question, could silver manipulation be broken?! This isn't the first time investors have attempted to free silver from it's captors. Many investors with deep pockets have tried and failed. Silver wiped out the billionaire Hunt Brothers back in the 80s.

IF silver unwinds, it will be spectacular. But silver seems to be the scam that never ends. lol!

Buy silver if you like silver. :)

You already know, recognized coins will cost more, but they'll be easier to resale or spend. And you WILL get a little more for them. Don't buy anything under a ounce. The premiums over spot are too high. (Gold is sold in 1/10 ounce coins, and it's a terrible value to weight ratio!) Don't buy anything colorized, special edition, or first strike.

Bars are fine if you don't see yourself needing to use them as money or wanting to sell them quickly. Imagine what YOU would accept in a trade. Choose a brand people know, like APMEX.

I've bought and sold coins since I was a kid. If you buy coins you personally like, and you hold them for a few years you won't lose. PMs are a hedge against inflation. Just don't believe anyone who says silver is finally going to unwind and make you a millionaire. Only God knows when it will happen.