I'm a stacker. I'm constantly looking at silver and gold prices, the spread, inventories, premiums, derivatives in SLV, etc, etc.
The obvious trend since SVB went down was a move to towards safer assets, let it be a "too big to fail bank (lol)", government securities (lol), and precious metals. Premiums on 1 oz silver rounds (generic) are nearly $5 anywhere you look. My local coin shop (LCS) was charging $4.75 per ounce over spot on generics, which is actually lower than the vast majority on JM bullion and SD bullion.
With silver spot being 24.25 as we speak, a $5+ premium is nearly a 20% premium on the price. Higher premiums almost always mean high demand and low supply. Inventory on the comex is dropping at a pretty staggering rate (277 million oz left) and the entire comex could be drained with a mere $6.6 billion dollars.
My LCS said it's been insane since the banks began to fail. Way more buyers than sellers.
The price of silver specifically has been artificially suppressed by the big banks through derivatives and artificial contracts traded amongst the big banks. As inventory continues to drain, the dollar falls, BRICS grows it's membership, and uncertainty remains, precious metals SHOULD skyrocket.
Ultimately, I don't invest in PMs are a get rich quick scheme, but they really are a great store of value. Not investment advice, but holding silver and gold, while you can still get it, could be an answer to rapidly rising inflation.
That’s the catch. An ounce of silver will still be an ounce of silver, but a dollar will be the equivalent to toilet paper. It will seem to be worth a lot because the value relative to worthless dollars will skyrocket.
The only way to really get ahead will be to lock in your current interest rates and payments. That way you’re making payments on an uninflated cost while selling silver or something else at an inflated cost.
I expect there will also be a period of deflation on consumer goods as people scramble to tell off their TVs, watches, and other not-necessary consumer goods to make ends meet. You’ll probably be able to buy any type of consumer electronic for an ounce or two of silver next year.