Why the silver spike?

[Anonymous]

Can someone succinctly explain what is going on with silver prices? I am not a silverbug but I do like to collect the occasional piece of Georgian or American coin silver and prices have skyrocketed in the last few months. Is this a bubble that will crash? Seems like it, but naysayers online think differently, but I also know all bubbles have naysayers. What is really driving this massive run up in silver seemingly overnight?

[Anonymous]

Gold went up so fast, people just decided to jump on silver.

[Anonymous]

For many reasons, the main one being that India decided to formalize silver as bank collateral, which gave it an enormous boost as a security. Indians are leading the rush to silver.

[Anonymous]

people are dumb and nobody knows what is happening

[Anonymous]

Anonymous wrote:people are dumb and nobody knows what is happening

I mean people, both retail and institutional, can see what’s going on. They are buying defensive assets like gold and silver. Can you imagine why? Also, a lot of tech uses silver.

[Anonymous]

Something about China and imports. Or exports. I dunno but my CDE stock is up over 230% from when I acquired it.

[Anonymous]

Silver is skyrocketing because I sold my silver bullion in December 2024. That's why. lol

[Anonymous]

Not just silver, all precious metals spike.
It’s dollar that worth less

[Anonymous]

It’s a mix of things. Global insecurity. Yes, lower dollar, as well. A lot of tech uses silver. But yeah, overall I am buying an ETF called GLTR. It hold 70% gold, 20% silver and some platinum and palladium. I am keeping this for at least a few more months. The run up in precious metals is not done.